Natixis Advisors LLC Increases Stake in Oshkosh Co. (NYSE:OSK)

Natixis Advisors LLC boosted its position in Oshkosh Co. (NYSE:OSK - Free Report) by 275.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,341 shares of the company's stock after purchasing an additional 49,394 shares during the quarter. Natixis Advisors LLC owned about 0.10% of Oshkosh worth $6,402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OSK. GSA Capital Partners LLP purchased a new position in shares of Oshkosh in the third quarter worth about $233,000. Quest Partners LLC raised its holdings in Oshkosh by 1,211.0% in the 3rd quarter. Quest Partners LLC now owns 3,933 shares of the company's stock valued at $394,000 after acquiring an additional 3,633 shares during the last quarter. Pathstone Holdings LLC lifted its stake in Oshkosh by 2.6% in the 3rd quarter. Pathstone Holdings LLC now owns 31,895 shares of the company's stock worth $3,196,000 after purchasing an additional 819 shares in the last quarter. Commerce Bank boosted its holdings in shares of Oshkosh by 6.8% during the 3rd quarter. Commerce Bank now owns 5,757 shares of the company's stock worth $577,000 after purchasing an additional 369 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Oshkosh in the third quarter valued at approximately $680,000. Hedge funds and other institutional investors own 92.36% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Evercore ISI boosted their price objective on Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. UBS Group upped their price objective on shares of Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Citigroup reduced their target price on shares of Oshkosh from $125.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Truist Financial increased their price target on shares of Oshkosh from $109.00 to $118.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Finally, Bank of America raised their price target on shares of Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $124.38.

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Oshkosh Trading Down 1.1 %

Shares of OSK stock traded down $1.08 on Wednesday, hitting $98.04. The stock had a trading volume of 596,872 shares, compared to its average volume of 542,835. The company's 50 day moving average price is $101.70 and its 200-day moving average price is $102.33. Oshkosh Co. has a 1 year low of $89.08 and a 1 year high of $127.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The firm has a market capitalization of $6.33 billion, a P/E ratio of 9.47, a P/E/G ratio of 1.45 and a beta of 1.21.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. Analysts anticipate that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.51 dividend. This is an increase from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.08%. Oshkosh's payout ratio is 19.71%.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.