OFI Invest Asset Management Purchases Shares of 15,300 Oshkosh Co. (NYSE:OSK)

OFI Invest Asset Management acquired a new position in shares of Oshkosh Co. (NYSE:OSK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 15,300 shares of the company's stock, valued at approximately $1,405,000.

Several other large investors have also modified their holdings of the stock. Callan Family Office LLC acquired a new position in Oshkosh in the fourth quarter valued at $427,000. Inceptionr LLC acquired a new stake in shares of Oshkosh in the 4th quarter valued at about $906,000. Raymond James Financial Inc. purchased a new position in Oshkosh during the 4th quarter worth approximately $8,467,000. Aigen Investment Management LP increased its position in Oshkosh by 82.4% during the fourth quarter. Aigen Investment Management LP now owns 5,637 shares of the company's stock worth $536,000 after buying an additional 2,546 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Oshkosh in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Price Performance

NYSE OSK traded down $0.55 during mid-day trading on Thursday, hitting $95.03. The stock had a trading volume of 719,691 shares, compared to its average volume of 732,461. The company has a 50 day simple moving average of $100.91 and a 200 day simple moving average of $102.81. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98.

Remove Ads

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data 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 net margin of 6.34% and a return on equity of 19.31%. Equities analysts forecast that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.15%. This is a boost from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh's dividend payout ratio (DPR) is 19.71%.

Wall Street Analyst Weigh In

Several research firms recently commented on OSK. KeyCorp upped their price target on shares of Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Morgan Stanley upped their target price on shares of Oshkosh from $98.00 to $110.00 and gave the company an "equal weight" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their price objective on Oshkosh from $115.00 to $127.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Truist Financial increased their price target on Oshkosh from $109.00 to $118.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Finally, Bank of America raised their target price on shares of Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $125.92.

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.