Proficio Capital Partners LLC Takes Position in Oshkosh Co. (NYSE:OSK)

Proficio Capital Partners LLC purchased a new position in shares of Oshkosh Co. (NYSE:OSK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,655 shares of the company's stock, valued at approximately $34,000. Proficio Capital Partners LLC owned about 0.05% of Oshkosh as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Oshkosh by 108.7% during 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 period. Hager Investment Management Services LLC purchased a new stake in Oshkosh during the 4th quarter worth $32,000. Brooklyn Investment Group acquired a new position in Oshkosh in the 3rd quarter worth $34,000. V Square Quantitative Management LLC boosted its position in Oshkosh by 64.1% in the 4th 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 last quarter. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Oshkosh during the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Price Performance

OSK stock traded up $0.75 during trading on Friday, hitting $95.77. The company had a trading volume of 1,066,059 shares, compared to its average volume of 739,285. The business has a 50 day moving average of $100.97 and a 200 day moving average of $102.67. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14.

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Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates 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, research analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.13%. 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 presently 19.71%.

Analysts Set New Price Targets

A number of brokerages have issued reports on OSK. Truist Financial upped their target price on Oshkosh from $109.00 to $118.00 and gave the company a "hold" rating in a research report on Friday, January 31st. UBS Group upped their target price 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. JPMorgan Chase & Co. lifted their price target on Oshkosh from $115.00 to $127.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Bank of America upped their price objective on Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. Finally, Raymond James lifted their target price on Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $125.92.

Oshkosh Company 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.