Russell Investments Group Ltd. decreased its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 61.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,558 shares of the company's stock after selling 16,554 shares during the period. Russell Investments Group Ltd.'s holdings in Oshkosh were worth $1,004,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in OSK. Blue Trust Inc. lifted its stake in shares of Oshkosh by 108.7% in the 4th 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. Carolina Wealth Advisors LLC boosted its holdings in Oshkosh by 2.5% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company's stock worth $576,000 after buying an additional 146 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Oshkosh by 4.0% during the 4th quarter. Private Advisor Group LLC now owns 3,923 shares of the company's stock worth $373,000 after buying an additional 152 shares during the period. V Square Quantitative Management LLC boosted its stake in Oshkosh by 64.1% during the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock worth $38,000 after acquiring an additional 157 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in Oshkosh by 11.1% during the 4th quarter. Manchester Capital Management LLC now owns 2,143 shares of the company's stock worth $204,000 after purchasing an additional 214 shares in the last quarter. Institutional investors own 92.36% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on OSK. UBS Group dropped their price objective on shares of Oshkosh from $137.00 to $97.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Citigroup reduced their target price on shares of Oshkosh from $130.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Truist Financial lowered their price target on shares of Oshkosh from $118.00 to $94.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Raymond James raised their price objective on Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, KeyCorp decreased their price target on Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $115.00.
Get Our Latest Research Report on Oshkosh
Oshkosh Price Performance
Oshkosh stock traded up $0.40 during midday trading on Friday, reaching $89.11. The company's stock had a trading volume of 507,197 shares, compared to its average volume of 597,922. The stock has a market cap of $5.76 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 52 week low of $76.82 and a 52 week high of $125.00. The business has a 50-day moving average price of $93.71 and a 200-day moving average price of $100.12.
Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, sell-side analysts predict that Oshkosh Co. will post 10.96 EPS for the current year.
Oshkosh Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a $0.51 dividend. This is a boost from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.29%. Oshkosh's dividend payout ratio is presently 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.
Featured Articles
Before you consider Oshkosh, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oshkosh wasn't on the list.
While Oshkosh currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
