Bank of Jackson Hole Trust Acquires Shares of 458 Oshkosh Co. (NYSE:OSK)

Bank of Jackson Hole Trust acquired a new stake in shares of Oshkosh Co. (NYSE:OSK) during the fourth quarter, HoldingsChannel reports. The fund acquired 458 shares of the company’s stock, valued at approximately $44,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in shares of Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after buying an additional 138 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in shares of Oshkosh during the 4th quarter valued at $32,000. Brooklyn Investment Group bought a new stake in shares of Oshkosh during the 3rd quarter valued at $34,000. V Square Quantitative Management LLC boosted its holdings in shares of Oshkosh by 64.1% during the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after buying an additional 157 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Oshkosh by 9,922.2% during the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after buying an additional 893 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Robert W. Baird dropped their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Evercore ISI boosted their target price on shares of Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, January 31st. KeyCorp upped their price target on shares of Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Raymond James upped their price target on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.23.

Oshkosh Stock Performance

Shares of OSK stock opened at $110.39 on Friday. The company has a 50 day moving average price of $99.89 and a 200-day moving average price of $103.04. Oshkosh Co. has a 52 week low of $89.08 and a 52 week high of $127.98. The firm has a market capitalization of $7.18 billion, a PE ratio of 10.67, a P/E/G ratio of 1.44 and a beta of 1.23. 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 (NYSE:OSK) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping 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 expect that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a $0.51 dividend. The ex-dividend date is 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 dividend yield of 1.85%. Oshkosh’s payout ratio is currently 19.71%.

Oshkosh 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.