Oshkosh Co. (NYSE:OSK) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its stake in Oshkosh Co. (NYSE:OSK) by 233.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,282 shares of the company’s stock after purchasing an additional 898 shares during the period. Jones Financial Companies Lllp’s holdings in Oshkosh were worth $122,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of OSK. Blue Trust Inc. increased its holdings in shares of Oshkosh by 108.7% in the fourth 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 period. Hager Investment Management Services LLC acquired a new position in shares of Oshkosh in the fourth quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in shares of Oshkosh in the third quarter valued at approximately $34,000. Proficio Capital Partners LLC acquired a new position in shares of Oshkosh in the fourth quarter valued at approximately $34,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after buying an additional 157 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

OSK has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Evercore ISI lifted their price target on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. KeyCorp lifted their price target on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Morgan Stanley lifted their price target on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Finally, Citigroup decreased their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $125.92.

Oshkosh Stock Performance

NYSE OSK opened at $95.77 on Friday. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The business has a fifty day moving average of $100.97 and a 200-day moving average of $102.65. 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 (NYSE:OSK) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping 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, analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.13%. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh’s payout ratio is 19.71%.

Oshkosh Company 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.