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

Proficio Capital Partners LLC bought a new stake in Oshkosh Co. (NYSE:OSK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Clark Estates Inc. NY acquired a new position in Oshkosh during the fourth quarter worth approximately $2,548,000. Victory Capital Management Inc. boosted its stake in shares of Oshkosh by 2.0% during the 4th quarter. Victory Capital Management Inc. now owns 299,034 shares of the company’s stock worth $28,429,000 after acquiring an additional 5,974 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Oshkosh by 233.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,282 shares of the company’s stock worth $122,000 after acquiring an additional 898 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Oshkosh by 816.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,549 shares of the company’s stock valued at $146,000 after acquiring an additional 1,380 shares during the period. Finally, Levin Capital Strategies L.P. acquired a new stake in Oshkosh during the 4th quarter valued at $951,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $94.32 on Friday. The company’s 50 day moving average price is $101.81 and its two-hundred day moving average price is $102.24. The firm has a market capitalization of $6.09 billion, a P/E ratio of 9.11, a P/E/G ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week 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 released its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. On average, equities analysts forecast 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 given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.16%. Oshkosh’s dividend payout ratio (DPR) is currently 19.71%.

Analyst Upgrades and Downgrades

OSK has been the subject of several research analyst reports. The Goldman Sachs Group reduced their target price on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Citigroup decreased their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley increased their target price on Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. KeyCorp boosted 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. Finally, Raymond James increased their price objective on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $124.38.

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.