Steward Partners Investment Advisory LLC Has $390,000 Stake in Oshkosh Co. (NYSE:OSK)

Steward Partners Investment Advisory LLC lowered its position in Oshkosh Co. (NYSE:OSK - Free Report) by 77.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,104 shares of the company's stock after selling 14,475 shares during the period. Steward Partners Investment Advisory LLC's holdings in Oshkosh were worth $390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Oshkosh by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company's stock worth $19,632,000 after buying an additional 28,478 shares during the last quarter. Barclays PLC lifted its holdings in Oshkosh by 40.9% in the 3rd quarter. Barclays PLC now owns 111,710 shares of the company's stock worth $11,192,000 after purchasing an additional 32,435 shares during the last quarter. Virtu Financial LLC bought a new stake in Oshkosh during the third quarter worth approximately $504,000. Y Intercept Hong Kong Ltd grew its holdings in Oshkosh by 57.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company's stock valued at $2,023,000 after purchasing an additional 7,334 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its position in shares of Oshkosh by 3.4% in the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company's stock valued at $14,144,000 after purchasing an additional 4,680 shares during the period. Institutional investors own 92.36% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on OSK shares. Bank of America upped their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. Morgan Stanley upped their price target on shares of Oshkosh from $98.00 to $110.00 and gave the company an "equal weight" rating in a report on Monday, February 3rd. Citigroup dropped their price objective on Oshkosh from $125.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Evercore ISI increased their target price on Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, Truist Financial raised their target price on Oshkosh from $109.00 to $118.00 and gave the company a "hold" rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $125.92.

Remove Ads

Oshkosh Price Performance

NYSE OSK traded up $1.22 during trading on Monday, reaching $96.99. 1,010,367 shares of the company traded hands, compared to its average volume of 536,741. Oshkosh Co. has a 1-year low of $89.08 and a 1-year high of $127.98. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 1.45 and a beta of 1.21. The stock's 50 day moving average price is $100.97 and its two-hundred day moving average price is $102.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data 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 return on equity of 19.31% and a net margin of 6.34%. As a group, analysts anticipate that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a $0.51 dividend. The ex-dividend date was Friday, February 14th. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.10%. Oshkosh's payout ratio is 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.