Avantax Advisory Services Inc. Decreases Holdings in Oshkosh Co. (NYSE:OSK)

Avantax Advisory Services Inc. reduced its stake in shares of Oshkosh Co. (NYSE:OSK) by 48.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,455 shares of the company’s stock after selling 2,272 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Oshkosh were worth $233,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Oshkosh during the 4th quarter worth about $23,285,000. BNP Paribas Financial Markets grew its stake 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 last quarter. Raymond James Financial Inc. purchased a new stake in shares of Oshkosh in the fourth quarter worth approximately $8,467,000. Assenagon Asset Management S.A. lifted its stake in shares of Oshkosh by 29.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company’s stock worth $29,675,000 after acquiring an additional 71,911 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in Oshkosh by 704.3% during the 3rd quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock valued at $6,817,000 after acquiring an additional 59,566 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Price Performance

OSK opened at $98.04 on Thursday. The firm has a market capitalization of $6.33 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The business’s 50-day moving average is $101.78 and its two-hundred day moving average is $102.30. Oshkosh Co. has a 1 year low of $89.08 and a 1 year high of $127.98. 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 (NYSE:OSK) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.58 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%. Research analysts anticipate that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.08%. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh’s payout ratio is 19.71%.

Analyst Ratings Changes

OSK has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their target price on Oshkosh from $127.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. KeyCorp boosted their price objective on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Truist Financial raised their target price on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Bank of America boosted their price target on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Finally, Evercore ISI raised their price objective on Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Oshkosh presently has a consensus rating of “Hold” and an average target price of $124.38.

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.