Skylands Capital LLC Has $15.66 Million Stake in Oshkosh Co. (NYSE:OSK)

Skylands Capital LLC lifted its holdings in Oshkosh Co. (NYSE:OSK - Free Report) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,735 shares of the company's stock after acquiring an additional 4,060 shares during the quarter. Oshkosh makes up approximately 2.2% of Skylands Capital LLC's holdings, making the stock its 10th largest holding. Skylands Capital LLC owned about 0.25% of Oshkosh worth $15,661,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. bought a new stake in Oshkosh during the 4th quarter worth about $23,285,000. BNP Paribas Financial Markets raised its stake in shares of Oshkosh by 154.9% in 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 during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Oshkosh by 29.9% during the fourth 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 during the last quarter. Edgestream Partners L.P. grew its stake in shares of Oshkosh by 704.3% during the third quarter. Edgestream Partners L.P. now owns 68,023 shares of the company's stock valued at $6,817,000 after purchasing an additional 59,566 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Oshkosh in the third quarter valued at approximately $5,375,000. 92.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OSK has been the topic of several research reports. KeyCorp upped their price objective on Oshkosh from $113.00 to $132.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Truist Financial upped their price target on Oshkosh from $109.00 to $118.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Citigroup lowered their price objective on Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Raymond James upped their target price on shares of Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Finally, Morgan Stanley raised their target price on Oshkosh from $98.00 to $110.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Oshkosh currently has an average rating of "Moderate Buy" and an average price target of $126.23.

Oshkosh Stock Down 1.1 %

Shares of NYSE:OSK traded down $1.17 during mid-day trading on Thursday, reaching $101.48. 578,145 shares of the stock were exchanged, compared to its average volume of 726,464. The company has a market cap of $6.55 billion, a P/E ratio of 9.80, a P/E/G ratio of 1.45 and a beta of 1.22. The stock's 50 day simple moving average is $100.43 and its 200-day simple moving average is $103.15. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a one year low of $89.08 and a one year high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 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%. As a group, equities research analysts predict that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a dividend of $0.51 per share. This is an increase from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.01%. Oshkosh's payout ratio is presently 19.71%.

About Oshkosh

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.