Farther Finance Advisors LLC Acquires 329 Shares of Oshkosh Co. (NYSE:OSK)

Farther Finance Advisors LLC boosted its holdings in Oshkosh Co. (NYSE:OSK) by 191.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 501 shares of the company’s stock after acquiring an additional 329 shares during the period. Farther Finance Advisors LLC’s holdings in Oshkosh were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after buying an additional 138 shares during the period. Hager Investment Management Services LLC bought a new position in Oshkosh during the 4th quarter worth $32,000. Brooklyn Investment Group bought a new position in shares of Oshkosh in the third quarter worth $34,000. Proficio Capital Partners LLC bought a new position in shares of Oshkosh in the fourth quarter worth $34,000. Finally, V Square Quantitative Management LLC increased its position 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 worth $38,000 after purchasing an additional 157 shares during the period. Institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on OSK shares. Bank of America raised their price target on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. UBS Group raised their price target on Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on Oshkosh from $127.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. KeyCorp raised their price objective on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Raymond James raised their price objective on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $124.38.

Oshkosh Stock Performance

Shares of OSK stock opened at $95.75 on Monday. Oshkosh Co. has a one year low of $89.08 and a one year high of $127.98. The company’s 50-day moving average is $101.44 and its 200 day moving average is $102.32. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) 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%. Sell-side analysts expect that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a dividend of $0.51 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 2.13%. Oshkosh’s dividend payout ratio (DPR) is presently 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.