44,496 Shares in Oshkosh Co. (NYSE:OSK) Purchased by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC bought a new position in Oshkosh Co. (NYSE:OSK) during the fourth quarter, HoldingsChannel.com reports. The fund bought 44,496 shares of the company’s stock, valued at approximately $4,230,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in 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 purchasing an additional 28,478 shares during the last quarter. Barclays PLC lifted its stake in shares of Oshkosh by 40.9% during the 3rd quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after acquiring an additional 32,435 shares during the last quarter. Virtu Financial LLC purchased a new position in Oshkosh during the 3rd quarter valued at $504,000. Semanteon Capital Management LP grew its position in Oshkosh by 29.1% in the 4th quarter. Semanteon Capital Management LP now owns 14,820 shares of the company’s stock valued at $1,409,000 after acquiring an additional 3,342 shares during the last quarter. Finally, Entropy Technologies LP grew its position in Oshkosh by 29.0% in the 4th quarter. Entropy Technologies LP now owns 20,018 shares of the company’s stock valued at $1,903,000 after acquiring an additional 4,498 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Stock Down 0.1 %

NYSE:OSK opened at $84.42 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The stock has a market capitalization of $5.46 billion, a P/E ratio of 8.16, a P/E/G ratio of 1.45 and a beta of 1.26. The company’s 50-day simple moving average is $96.10 and its 200-day simple moving average is $100.65. Oshkosh Co. has a fifty-two week low of $76.82 and a fifty-two week high of $125.00.

Oshkosh (NYSE:OSK) last released its quarterly earnings results 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 net margin of 6.34% and a return on equity of 19.31%. On average, equities analysts anticipate that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.42%. Oshkosh’s dividend payout ratio (DPR) is 19.71%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OSK. Raymond James boosted their target price on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Evercore ISI boosted their price objective on shares of Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Citigroup reduced their target price on shares of Oshkosh from $130.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group lowered their price target on Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Finally, Morgan Stanley reduced their price objective on Oshkosh from $110.00 to $91.00 and set an “equal weight” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Oshkosh has an average rating of “Hold” and a consensus price target of $114.62.

Oshkosh Company Profile

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.