Proficio Capital Partners LLC Invests $34,000 in Oshkosh Co. (NYSE:OSK)

Proficio Capital Partners LLC purchased a new position in shares of Oshkosh Co. (NYSE:OSK - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 33,655 shares of the company's stock, valued at approximately $34,000. Proficio Capital Partners LLC owned approximately 0.05% of Oshkosh at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Clark Estates Inc. NY bought a new position in Oshkosh during the fourth quarter valued at approximately $2,548,000. Victory Capital Management Inc. increased its stake in shares of Oshkosh by 2.0% during the 4th quarter. Victory Capital Management Inc. now owns 299,034 shares of the company's stock worth $28,429,000 after purchasing an additional 5,974 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Oshkosh by 233.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,282 shares of the company's stock valued at $122,000 after purchasing an additional 898 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Oshkosh by 816.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,549 shares of the company's stock worth $146,000 after buying an additional 1,380 shares during the last quarter. Finally, Levin Capital Strategies L.P. bought a new position in Oshkosh during the fourth quarter valued at about $951,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Price Performance

OSK stock traded up $1.89 during trading on Wednesday, hitting $95.82. The company had a trading volume of 573,590 shares, compared to its average volume of 573,474. The company has a fifty day moving average price of $101.71 and a two-hundred day moving average price of $102.19. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The company has a market cap of $6.18 billion, a P/E ratio of 9.26, a P/E/G ratio of 1.45 and a beta of 1.21. 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 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%. Equities research analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.51 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 2.13%. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's payout ratio is currently 19.71%.

Analyst Ratings Changes

A number of research analysts recently weighed in on OSK shares. Truist Financial raised 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. Evercore ISI lifted their price target on shares of Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Citigroup decreased their price objective on shares of Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Bank of America lifted their price objective on Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a research note on Monday, February 10th. Finally, Morgan Stanley boosted their target price on shares of Oshkosh from $98.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $124.38.

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.