Aigen Investment Management LP Increases Stake in Oshkosh Co. (NYSE:OSK)

Aigen Investment Management LP grew its holdings in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 82.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,637 shares of the company's stock after purchasing an additional 2,546 shares during the quarter. Aigen Investment Management LP's holdings in Oshkosh were worth $536,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after acquiring an additional 138 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in Oshkosh in the fourth quarter valued at approximately $32,000. Brooklyn Investment Group bought a new position in Oshkosh during the third quarter valued at $34,000. Proficio Capital Partners LLC purchased a new stake in Oshkosh in the fourth quarter worth $34,000. Finally, V Square Quantitative Management LLC raised its stake in shares of Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock valued at $38,000 after buying an additional 157 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Price Performance

Shares of NYSE OSK traded down $0.66 during midday trading on Tuesday, hitting $96.38. 671,734 shares of the company's stock were exchanged, compared to its average volume of 737,936. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The business's fifty day moving average price is $100.87 and its two-hundred day moving average price is $102.93. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a 12-month low of $89.08 and a 12-month high of $127.98.

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

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, February 14th. This represents a $2.04 annualized dividend and a yield of 2.12%. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's payout ratio is 19.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on OSK shares. Truist Financial boosted their price objective on Oshkosh from $109.00 to $118.00 and gave the company a "hold" rating in a research note on Friday, January 31st. UBS Group upped their price target on shares of Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Bank of America raised their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $115.00 to $127.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Finally, Citigroup cut their price target on Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $125.92.

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.