OFI Invest Asset Management Invests $1.41 Million in Oshkosh Co. (NYSE:OSK)

OFI Invest Asset Management purchased a new position in shares of Oshkosh Co. (NYSE:OSK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,300 shares of the company’s stock, valued at approximately $1,405,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Greenhaven Associates Inc. increased its holdings in shares of Oshkosh by 0.6% during the 4th quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock worth $242,629,000 after buying an additional 15,622 shares during the last quarter. FMR LLC increased its holdings in Oshkosh by 3.3% in the 3rd quarter. FMR LLC now owns 1,223,891 shares of the company’s stock valued at $122,646,000 after purchasing an additional 39,235 shares during the last quarter. Geode Capital Management LLC increased its holdings in Oshkosh by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock valued at $109,250,000 after purchasing an additional 10,357 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Oshkosh by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock valued at $68,561,000 after purchasing an additional 4,974 shares during the last quarter. Finally, Equity Investment Corp increased its holdings in Oshkosh by 1.7% in the 4th quarter. Equity Investment Corp now owns 598,972 shares of the company’s stock valued at $56,944,000 after purchasing an additional 10,088 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on OSK shares. Truist Financial lifted their target price on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a report on Friday, January 31st. JPMorgan Chase & Co. lifted 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. Evercore ISI lifted 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, February 19th. Bank of America lifted their target price on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Finally, UBS Group boosted their price target on shares of Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $125.92.

Oshkosh Price Performance

Oshkosh stock opened at $98.43 on Monday. The stock has a market cap of $6.35 billion, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company has a fifty day simple moving average of $100.81 and a 200-day simple moving average of $102.99. Oshkosh Co. has a 12-month low of $89.08 and a 12-month high of $127.98. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK) last released its quarterly earnings data 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%. Equities analysts expect that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a dividend of $0.51 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Friday, February 14th. Oshkosh’s payout ratio is 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.