Sei Investments Co. raised its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 528,940 shares of the company's stock after purchasing an additional 35,072 shares during the period. Sei Investments Co. owned approximately 0.81% of Oshkosh worth $50,289,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of Oshkosh by 23.3% during the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock valued at $193,031,000 after purchasing an additional 384,141 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Oshkosh during the fourth quarter valued at approximately $23,285,000. BNP Paribas Financial Markets raised its stake in shares of Oshkosh by 154.9% during the third quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company's stock worth $16,044,000 after acquiring an additional 97,282 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Oshkosh in the 4th quarter worth approximately $8,467,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Oshkosh by 29.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company's stock valued at $29,675,000 after purchasing an additional 71,911 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have weighed in on OSK. Bank of America upped their price target on shares of Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. Truist Financial lifted their price target on Oshkosh from $109.00 to $118.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Evercore ISI raised their target price on shares of Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Citigroup lowered their price target 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. Finally, The Goldman Sachs Group decreased their price objective on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. One equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $124.38.
Get Our Latest Research Report on OSK
Oshkosh Stock Down 1.0 %
Shares of OSK stock traded down $0.94 during midday trading on Thursday, reaching $97.16. 1,303,671 shares of the stock were exchanged, compared to its average volume of 546,754. The firm has a market cap of $6.27 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company's 50 day moving average is $101.78 and its two-hundred day moving average is $102.30. Oshkosh Co. has a 1 year low of $89.08 and a 1 year 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.
Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings data 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 net margin of 6.34% and a return on equity of 19.31%. On average, equities research analysts predict that Oshkosh Co. will post 10.96 EPS for the current year.
Oshkosh Increases Dividend
The business also recently disclosed 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. 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 dividend on an annualized basis and a yield of 2.10%. Oshkosh's 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.
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