Proficio Capital Partners LLC Invests $34,000 in Oshkosh Co. (NYSE:OSK)

Proficio Capital Partners LLC bought a new position in Oshkosh Co. (NYSE:OSK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,655 shares of the company’s stock, valued at approximately $34,000. Proficio Capital Partners LLC owned about 0.05% of Oshkosh as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of OSK. Blue Trust Inc. boosted its holdings in shares of Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after purchasing an additional 138 shares during the last quarter. Carolina Wealth Advisors LLC boosted its holdings in Oshkosh by 2.5% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company’s stock valued at $576,000 after acquiring an additional 146 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Oshkosh by 4.0% in the fourth quarter. Private Advisor Group LLC now owns 3,923 shares of the company’s stock valued at $373,000 after acquiring an additional 152 shares during the last quarter. V Square Quantitative Management LLC grew its position in Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after acquiring an additional 157 shares during the period. Finally, Manchester Capital Management LLC increased its stake in Oshkosh by 11.1% during the fourth quarter. Manchester Capital Management LLC now owns 2,143 shares of the company’s stock worth $204,000 after acquiring an additional 214 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OSK has been the subject of a number of research analyst reports. Evercore ISI increased their target price on shares of Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Raymond James raised their target price 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. 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. Morgan Stanley increased their price target on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Finally, Truist Financial boosted their price objective on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $125.92.

Oshkosh Stock Down 0.6 %

Shares of Oshkosh stock opened at $95.03 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. Oshkosh Co. has a 1-year low of $89.08 and a 1-year high of $127.98. The business has a 50-day moving average of $100.91 and a 200-day moving average of $102.81. The company has a market capitalization of $6.13 billion, a PE ratio of 9.18, a P/E/G ratio of 1.45 and a beta of 1.21.

Oshkosh (NYSE:OSK) last issued 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 return on equity of 19.31% and a net margin of 6.34%. As a group, equities analysts forecast that Oshkosh Co. will post 10.96 EPS 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 given a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.15%. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s payout ratio is presently 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.