UBS Group Cuts Oshkosh (NYSE:OSK) Price Target to $97.00

Oshkosh (NYSE:OSK) had its price objective decreased by UBS Group from $137.00 to $97.00 in a research note published on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other research firms have also recently commented on OSK. Evercore ISI increased their price target on shares of Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. KeyCorp lifted their target price on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Bank of America upped their target price on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. Morgan Stanley lifted their price target on shares of Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group lowered their price objective on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $117.38.

Oshkosh Stock Up 12.5 %

Shares of Oshkosh stock opened at $89.08 on Monday. Oshkosh has a 1 year low of $76.82 and a 1 year high of $125.08. 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 company has a 50-day moving average of $99.21 and a 200 day moving average of $101.28. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 1.45 and a beta of 1.26.

Oshkosh (NYSE:OSK) last released its 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 net margin of 6.34% and a return on equity of 19.31%. As a group, sell-side analysts anticipate that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a $0.51 dividend. 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 2.29%. The ex-dividend date was Friday, February 14th. Oshkosh’s dividend payout ratio (DPR) is currently 19.71%.

Institutional Trading of Oshkosh

Several hedge funds have recently bought and sold shares of OSK. JPMorgan Chase & Co. grew its stake in shares of Oshkosh by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock valued at $19,632,000 after acquiring an additional 28,478 shares during the period. Barclays PLC lifted its holdings in Oshkosh by 40.9% during the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock valued at $11,192,000 after purchasing an additional 32,435 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Oshkosh in the third quarter worth approximately $504,000. Semanteon Capital Management LP increased its stake in shares of Oshkosh by 29.1% in the fourth quarter. Semanteon Capital Management LP now owns 14,820 shares of the company’s stock worth $1,409,000 after purchasing an additional 3,342 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in shares of Oshkosh by 57.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock valued at $2,023,000 after purchasing an additional 7,334 shares during the period. Institutional investors own 92.36% of the company’s stock.

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.