Oshkosh Co. (NYSE:OSK) Shares Acquired by Kennedy Capital Management LLC

Kennedy Capital Management LLC increased its holdings in shares of Oshkosh Co. (NYSE:OSK) by 34.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,509 shares of the company’s stock after acquiring an additional 25,916 shares during the period. Kennedy Capital Management LLC owned approximately 0.15% of Oshkosh worth $9,555,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OSK. Norges Bank acquired a new position in shares of Oshkosh during the 4th quarter worth $72,692,000. American Century Companies Inc. grew its position in Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock worth $193,031,000 after buying an additional 384,141 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in Oshkosh in the fourth quarter valued at about $23,285,000. Vanguard Group Inc. lifted its position in shares of Oshkosh by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company’s stock valued at $774,035,000 after acquiring an additional 176,400 shares during the period. Finally, FMR LLC boosted its stake in shares of Oshkosh by 13.0% during the 4th quarter. FMR LLC now owns 1,383,558 shares of the company’s stock worth $131,535,000 after acquiring an additional 159,667 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on OSK. Truist Financial reduced their price objective on Oshkosh from $118.00 to $94.00 and set a “hold” rating for the company in a report on Tuesday. Raymond James boosted their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. The Goldman Sachs Group dropped 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. Evercore ISI upped 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. Finally, KeyCorp dropped their price objective on shares of Oshkosh from $132.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $117.38.

Oshkosh Stock Performance

NYSE OSK opened at $84.56 on Friday. The business’s 50-day moving average price is $98.65 and its 200 day moving average price is $101.16. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a twelve month low of $76.82 and a twelve month high of $125.00. The company has a market capitalization of $5.46 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share 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%. On average, research analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.41%. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh’s dividend payout ratio 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.