KBC Group NV Acquires 1,232 Shares of Oshkosh Co. (NYSE:OSK)

KBC Group NV boosted its holdings in Oshkosh Co. (NYSE:OSK) by 73.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,898 shares of the company’s stock after buying an additional 1,232 shares during the period. KBC Group NV’s holdings in Oshkosh were worth $276,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Oshkosh in the 3rd quarter worth $25,000. Blue Trust Inc. raised its holdings in 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 acquiring an additional 138 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Oshkosh during the 3rd quarter worth approximately $34,000. International Assets Investment Management LLC increased its position in shares of Oshkosh by 9,922.2% during the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after purchasing an additional 893 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Oshkosh by 35.5% in the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock valued at $100,000 after purchasing an additional 262 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $112.74 on Tuesday. The firm has a 50 day simple moving average of $99.75 and a 200 day simple moving average of $102.98. 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. The firm has a market cap of $7.34 billion, a P/E ratio of 10.89, a P/E/G ratio of 1.97 and a beta of 1.22.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) 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%. Sell-side analysts predict that Oshkosh Co. will post 11 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.81%. Oshkosh’s dividend payout ratio (DPR) is presently 17.78%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Robert W. Baird decreased their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Raymond James increased their price target on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup decreased their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley lifted their price objective on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their target price on Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and an average price target of $125.00.

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.