Manchester Capital Management LLC Boosts Stock Holdings in Oshkosh Co. (NYSE:OSK)

Manchester Capital Management LLC lifted its holdings in Oshkosh Co. (NYSE:OSK) by 11.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,143 shares of the company’s stock after purchasing an additional 214 shares during the period. Manchester Capital Management LLC’s holdings in Oshkosh were worth $204,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in Oshkosh by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock worth $19,632,000 after buying an additional 28,478 shares during the period. Virtu Financial LLC purchased a new stake in shares of Oshkosh during the 3rd quarter worth $504,000. Barclays PLC lifted its stake in shares of Oshkosh by 40.9% during the 3rd 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 last quarter. Y Intercept Hong Kong Ltd boosted its position in Oshkosh by 57.1% during the third 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 in the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its holdings in Oshkosh by 3.4% in the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock worth $14,144,000 after purchasing an additional 4,680 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Trading Down 1.2 %

Oshkosh stock opened at $107.27 on Friday. The stock has a 50-day moving average price of $99.35 and a 200 day moving average price of $102.90. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. Oshkosh Co. has a 52 week low of $89.08 and a 52 week high of $127.98. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 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%. Sell-side analysts anticipate that Oshkosh Co. will post 10.95 EPS for the current year.

Oshkosh Increases Dividend

The business 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 dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.90%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio (DPR) is presently 17.78%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OSK. UBS Group raised their price target on shares of Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Robert W. Baird lowered their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Truist Financial upped their price target on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Citigroup reduced 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.85.

Oshkosh 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.