ExodusPoint Capital Management LP Boosts Holdings in Oshkosh Co. (NYSE:OSK)

ExodusPoint Capital Management LP lifted its holdings in Oshkosh Co. (NYSE:OSK) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,450 shares of the company’s stock after purchasing an additional 417 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Oshkosh were worth $4,701,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its stake in shares of Oshkosh by 1.2% during the third quarter. HighTower Advisors LLC now owns 112,011 shares of the company’s stock worth $11,269,000 after acquiring an additional 1,330 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Oshkosh during the 3rd quarter worth approximately $498,000. Wellington Management Group LLP increased its stake in Oshkosh by 10.5% during the 3rd quarter. Wellington Management Group LLP now owns 17,477 shares of the company’s stock valued at $1,751,000 after purchasing an additional 1,665 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of Oshkosh by 57.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock worth $2,023,000 after buying an additional 7,334 shares during the last quarter. Finally, Groupama Asset Managment acquired a new stake in shares of Oshkosh during the third quarter worth $391,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America raised their target price on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. The Goldman Sachs Group decreased their target price on Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Raymond James increased their price target on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. KeyCorp lifted their price objective on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Morgan Stanley increased their price objective on shares of Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $124.38.

Oshkosh Price Performance

Shares of Oshkosh stock opened at $82.70 on Monday. The firm has a market cap of $5.34 billion, a PE ratio of 7.99, a P/E/G ratio of 1.45 and a beta of 1.26. The business has a 50-day moving average price of $101.22 and a 200 day moving average price of $101.91. 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 Co. has a twelve month low of $78.45 and a twelve month high of $127.98.

Oshkosh (NYSE:OSK) last announced 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 return on equity of 19.31% and a net margin of 6.34%. Sell-side analysts predict 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. Stockholders of record on Monday, February 17th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.47%. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. 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.