Invesco Ltd. Has $118.23 Million Stake in Oshkosh Co. (NYSE:OSK)

Invesco Ltd. increased its holdings in shares of Oshkosh Co. (NYSE:OSK) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,243,561 shares of the company’s stock after buying an additional 27,659 shares during the period. Invesco Ltd. owned 1.91% of Oshkosh worth $118,225,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of OSK. JPMorgan Chase & Co. raised its position 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 last quarter. Barclays PLC grew its stake in shares of Oshkosh by 40.9% during the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after purchasing an additional 32,435 shares during the period. Virtu Financial LLC bought a new stake in Oshkosh in the third quarter valued at about $504,000. Semanteon Capital Management LP lifted its stake in Oshkosh by 29.1% in the fourth quarter. Semanteon Capital Management LP now owns 14,820 shares of the company’s stock valued at $1,409,000 after buying an additional 3,342 shares during the period. Finally, Entropy Technologies LP boosted its holdings in Oshkosh by 29.0% during the fourth quarter. Entropy Technologies LP now owns 20,018 shares of the company’s stock worth $1,903,000 after buying an additional 4,498 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OSK has been the topic of a number of analyst reports. Raymond James increased their price target on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Evercore ISI upped their target price on shares of Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group reduced their price target 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. KeyCorp lowered their price objective on shares of Oshkosh from $132.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Citigroup reduced their target price on Oshkosh from $130.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. 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’s stock. Based on data from MarketBeat, Oshkosh presently has a consensus rating of “Hold” and an average price target of $117.38.

Oshkosh Stock Performance

OSK opened at $85.94 on Friday. 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 market capitalization of $5.55 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 1.45 and a beta of 1.26. The business’s 50-day moving average price is $98.14 and its two-hundred day moving average price is $101.06. Oshkosh Co. has a 1 year low of $76.82 and a 1 year high of $125.00.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Equities analysts expect that Oshkosh Co. will post 10.96 EPS 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 issued a dividend of $0.51 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. This represents a $2.04 annualized dividend and a yield of 2.37%. Oshkosh’s dividend payout ratio is presently 19.71%.

About Oshkosh

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.