Vanguard Group Inc. lifted its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,141,738 shares of the company's stock after purchasing an additional 176,400 shares during the period. Vanguard Group Inc. owned 12.51% of Oshkosh worth $774,035,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Oshkosh by 17.0% in the 3rd 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 period. Barclays PLC boosted its holdings in Oshkosh by 40.9% in the third quarter. Barclays PLC now owns 111,710 shares of the company's stock valued at $11,192,000 after acquiring an additional 32,435 shares in the last quarter. Virtu Financial LLC purchased a new position in Oshkosh during the 3rd quarter valued at $504,000. Semanteon Capital Management LP raised its holdings in Oshkosh by 29.1% in the 4th quarter. Semanteon Capital Management LP now owns 14,820 shares of the company's stock worth $1,409,000 after purchasing an additional 3,342 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of Oshkosh by 57.1% during the 3rd 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 in the last quarter. 92.36% of the stock is owned by institutional investors.
Oshkosh Stock Down 9.6 %
NYSE OSK traded down $9.21 during mid-day trading on Thursday, reaching $86.59. The stock had a trading volume of 945,997 shares, compared to its average volume of 574,808. The stock has a market cap of $5.60 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. Oshkosh Co. has a 1 year low of $86.31 and a 1 year high of $127.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The company has a fifty day moving average price of $101.52 and a 200 day moving average price of $102.08.
Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share 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%. On average, research analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current year.
Oshkosh Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.36%. This is a boost from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh's payout ratio is presently 19.71%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on OSK shares. Truist Financial increased their price target on shares of Oshkosh from $109.00 to $118.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. The Goldman Sachs Group lowered their target price on Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. KeyCorp upped their price target on Oshkosh from $113.00 to $132.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Morgan Stanley raised their price objective on Oshkosh from $98.00 to $110.00 and gave the company an "equal weight" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Oshkosh from $127.00 to $117.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $124.38.
Check Out Our Latest Stock Analysis on Oshkosh
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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