Advisors Asset Management Inc. Purchases 4,846 Shares of Oshkosh Co. (NYSE:OSK)

Advisors Asset Management Inc. increased its holdings in Oshkosh Co. (NYSE:OSK - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,968 shares of the company's stock after acquiring an additional 4,846 shares during the period. Advisors Asset Management Inc. owned about 0.08% of Oshkosh worth $5,226,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Oshkosh by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company's stock worth $19,632,000 after purchasing an additional 28,478 shares during the period. Barclays PLC lifted its position in Oshkosh by 40.9% in the 3rd quarter. Barclays PLC now owns 111,710 shares of the company's stock worth $11,192,000 after buying an additional 32,435 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Oshkosh during the 3rd quarter valued at $504,000. Y Intercept Hong Kong Ltd grew its holdings in shares of Oshkosh by 57.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company's stock valued at $2,023,000 after acquiring an additional 7,334 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its stake in shares of Oshkosh by 3.4% in the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company's stock worth $14,144,000 after acquiring an additional 4,680 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of analysts recently issued reports on OSK shares. JPMorgan Chase & Co. reduced their price objective on Oshkosh from $127.00 to $117.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. UBS Group lifted their price target on Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Evercore ISI increased their price objective on Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Truist Financial lifted their target price 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, Morgan Stanley increased their price target on shares of Oshkosh from $98.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Oshkosh currently has an average rating of "Hold" and a consensus target price of $124.38.

Oshkosh Stock Performance

OSK stock traded up $3.06 during mid-day trading on Monday, reaching $98.84. 864,570 shares of the stock traded hands, compared to its average volume of 541,930. The firm has a market capitalization of $6.38 billion, a PE ratio of 9.55, a P/E/G ratio of 1.45 and a beta of 1.21. The business has a 50-day moving average of $101.44 and a two-hundred day moving average of $102.32. Oshkosh Co. has a 52 week low of $89.08 and a 52 week high of $127.98. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating 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%. As a group, equities analysts predict that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.06%. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's dividend payout ratio is currently 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.