Tower Research Capital LLC TRC Acquires 6,095 Shares of Oshkosh Co. (NYSE:OSK)

Tower Research Capital LLC TRC increased its holdings in Oshkosh Co. (NYSE:OSK - Free Report) by 201.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,116 shares of the company's stock after buying an additional 6,095 shares during the quarter. Tower Research Capital LLC TRC's holdings in Oshkosh were worth $867,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Oshkosh by 40.9% during the third quarter. Barclays PLC now owns 111,710 shares of the company's stock valued at $11,192,000 after purchasing an additional 32,435 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Oshkosh in the 3rd quarter worth approximately $504,000. Tidal Investments LLC raised its holdings in Oshkosh by 8.3% during the 3rd quarter. Tidal Investments LLC now owns 10,841 shares of the company's stock worth $1,086,000 after buying an additional 827 shares during the period. Synovus Financial Corp lifted its holdings in shares of Oshkosh by 10.5% in the third quarter. Synovus Financial Corp now owns 30,251 shares of the company's stock valued at $3,031,000 after purchasing an additional 2,865 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Oshkosh in the third quarter worth $532,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Performance

OSK stock traded up $0.06 during midday trading on Monday, hitting $88.84. 627,286 shares of the company traded hands, compared to its average volume of 595,974. Oshkosh Co. has a twelve month low of $76.82 and a twelve month high of $123.25. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The business has a 50 day simple moving average of $92.88 and a 200-day simple moving average of $99.94.

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

Oshkosh Increases Dividend

The firm 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. This is an increase from Oshkosh's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.30%. The ex-dividend date was Friday, February 14th. Oshkosh's payout ratio is currently 19.71%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Oshkosh from $117.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group lowered their price target on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Citigroup cut their price objective on 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 target price on Oshkosh from $118.00 to $94.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Finally, Raymond James upped their target price on Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $115.00.

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.