V Square Quantitative Management LLC Grows Stake in Oshkosh Co. (NYSE:OSK)

V Square Quantitative Management LLC increased its stake in Oshkosh Co. (NYSE:OSK) by 64.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 402 shares of the company’s stock after acquiring an additional 157 shares during the period. V Square Quantitative Management LLC’s holdings in Oshkosh were worth $38,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OSK. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Oshkosh during the fourth quarter valued at approximately $23,285,000. Assenagon Asset Management S.A. boosted its position in shares of Oshkosh by 3,329.3% during the third quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock valued at $24,073,000 after buying an additional 233,218 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Oshkosh by 154.9% during the third quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock valued at $16,044,000 after buying an additional 97,282 shares during the period. Edgestream Partners L.P. boosted its position in shares of Oshkosh by 704.3% during the third quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock valued at $6,817,000 after buying an additional 59,566 shares during the period. Finally, Holocene Advisors LP purchased a new position in shares of Oshkosh during the third quarter valued at approximately $5,375,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on OSK. Raymond James lifted their price target 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. UBS Group lifted their price target on shares of Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Robert W. Baird decreased their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Truist Financial boosted their price objective on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Finally, Bank of America boosted their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.85.

Oshkosh Price Performance

NYSE OSK opened at $107.27 on Tuesday. The firm’s fifty day simple moving average is $99.41 and its two-hundred day simple moving average is $102.88. 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 Co. has a 12-month low of $89.08 and a 12-month high of $127.98. The firm has a market capitalization of $6.98 billion, a P/E ratio of 10.36, a P/E/G ratio of 1.89 and a beta of 1.23.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating 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%. Analysts forecast that Oshkosh Co. will post 10.95 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be issued a dividend of $0.51 per share. 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 1.90%. Oshkosh’s payout ratio is 17.78%.

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.