Natixis Acquires Shares of 25,798 Oshkosh Co. (NYSE:OSK)

Natixis bought a new stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 25,798 shares of the company's stock, valued at approximately $2,453,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Oshkosh by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock valued at $774,035,000 after acquiring an additional 176,400 shares during the last quarter. Greenhaven Associates Inc. grew its stake in shares of Oshkosh by 0.6% during the fourth quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company's stock worth $242,629,000 after purchasing an additional 15,622 shares during the period. Dimensional Fund Advisors LP increased its holdings in Oshkosh by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company's stock valued at $220,342,000 after purchasing an additional 206,377 shares during the last quarter. American Century Companies Inc. increased its holdings in Oshkosh by 23.3% in the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock valued at $193,031,000 after purchasing an additional 384,141 shares during the last quarter. Finally, FMR LLC lifted its stake in Oshkosh by 13.0% in the fourth quarter. FMR LLC now owns 1,383,558 shares of the company's stock valued at $131,535,000 after buying an additional 159,667 shares during the period. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

NYSE:OSK traded up $0.20 during mid-day trading on Friday, hitting $88.91. The stock had a trading volume of 1,064,498 shares, compared to its average volume of 599,745. Oshkosh Co. has a twelve month low of $76.82 and a twelve month high of $125.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 1.45 and a beta of 1.26. The company's 50 day simple moving average is $93.71 and its 200 day simple moving average is $100.12.

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

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a dividend of $0.51 per share. 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 2.29%. Oshkosh's payout ratio is presently 19.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on shares of Oshkosh from $117.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group reduced their price target on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Truist Financial lowered their price objective on shares of Oshkosh from $118.00 to $94.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley decreased their target price on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, UBS Group cut their price objective on Oshkosh from $137.00 to $97.00 and set a "buy" rating on the stock in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $115.00.

Oshkosh Profile

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.