Vanguard Group Inc. Increases Stake in Oshkosh Co. (NYSE:OSK)

Vanguard Group Inc. increased its holdings in Oshkosh Co. (NYSE:OSK) by 2.2% in the fourth quarter, Holdings Channel reports. The fund owned 8,141,738 shares of the company’s stock after purchasing an additional 176,400 shares during the quarter. Vanguard Group Inc. owned 0.13% of Oshkosh worth $774,035,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OSK. Bank of Montreal Can lifted its position in shares of Oshkosh by 34.9% in the 3rd quarter. Bank of Montreal Can now owns 33,691 shares of the company’s stock worth $3,376,000 after purchasing an additional 8,721 shares during the period. FMR LLC lifted its holdings in Oshkosh by 3.3% during the third quarter. FMR LLC now owns 1,223,891 shares of the company’s stock worth $122,646,000 after buying an additional 39,235 shares during the period. Brooklyn Investment Group bought a new stake in Oshkosh during the 3rd quarter valued at $34,000. BNP Paribas Financial Markets increased its holdings in shares of Oshkosh by 154.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock valued at $16,044,000 after acquiring an additional 97,282 shares during the period. Finally, Freedom Investment Management Inc. raised its position in shares of Oshkosh by 27.7% in the 3rd quarter. Freedom Investment Management Inc. now owns 4,232 shares of the company’s stock worth $424,000 after acquiring an additional 919 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Evercore ISI lifted their target price on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Raymond James boosted their price objective 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. Bank of America increased their target price on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Truist Financial lifted their price target on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Finally, Morgan Stanley raised their price objective on Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $124.38.

Oshkosh Stock Down 2.8 %

Oshkosh stock opened at $94.32 on Friday. The business’s 50-day simple moving average is $101.81 and its two-hundred day simple moving average is $102.27. 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 company has a market cap of $6.09 billion, a PE ratio of 9.11, a PEG ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, January 30th. The company reported $2.58 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%. Equities analysts anticipate that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.16%. Oshkosh’s payout ratio is currently 19.71%.

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.