Kennedy Capital Management LLC grew its holdings in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 34.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 100,509 shares of the company's stock after acquiring an additional 25,916 shares during the period. Kennedy Capital Management LLC owned about 0.15% of Oshkosh worth $9,555,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of 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 purchasing an additional 138 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in Oshkosh during the fourth quarter valued at about $32,000. Proficio Capital Partners LLC bought a new stake in Oshkosh during the 4th quarter valued at approximately $34,000. V Square Quantitative Management LLC increased its stake in shares of Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock valued at $38,000 after purchasing an additional 157 shares in the last quarter. Finally, Twin Tree Management LP bought a new position in shares of Oshkosh in the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 92.36% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on OSK shares. Truist Financial lowered their price objective on Oshkosh from $118.00 to $94.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. 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 report on Monday, February 10th. The Goldman Sachs Group dropped their price objective on Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Raymond James lifted their price target on Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, UBS Group lowered their target price on shares of Oshkosh from $137.00 to $97.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $114.62.
Get Our Latest Stock Analysis on Oshkosh
Oshkosh Trading Up 0.1 %
OSK traded up $0.05 during mid-day trading on Wednesday, reaching $85.21. The stock had a trading volume of 181,104 shares, compared to its average volume of 756,216. The firm's fifty day simple moving average is $97.13 and its two-hundred day simple moving average is $100.87. 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 capitalization of $5.51 billion, a P/E ratio of 8.23, a P/E/G ratio of 1.45 and a beta of 1.26. Oshkosh Co. has a 52 week low of $76.82 and a 52 week high of $125.00.
Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (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%. On average, equities analysts predict that Oshkosh Co. will post 10.96 EPS for the current year.
Oshkosh Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.39%. Oshkosh's dividend payout ratio is currently 19.71%.
About Oshkosh
(
Free Report)
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.
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