Capital Insight Partners LLC Increases Stake in Oshkosh Co. (NYSE:OSK)

Capital Insight Partners LLC lifted its stake in Oshkosh Co. (NYSE:OSK) by 6.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,428 shares of the company’s stock after buying an additional 285 shares during the quarter. Capital Insight Partners LLC’s holdings in Oshkosh were worth $421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in shares of Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after acquiring an additional 138 shares in the last quarter. Carolina Wealth Advisors LLC raised its position in shares of Oshkosh by 2.5% during the 4th quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company’s stock valued at $576,000 after buying an additional 146 shares in the last quarter. KBC Group NV lifted its holdings in shares of Oshkosh by 15.2% in the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock valued at $167,000 after acquiring an additional 220 shares during the last quarter. McGlone Suttner Wealth Management Inc. grew its position in Oshkosh by 5.4% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 4,457 shares of the company’s stock worth $424,000 after acquiring an additional 228 shares in the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in Oshkosh during the third quarter valued at approximately $25,000. Institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OSK. KeyCorp boosted their target price on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday. Raymond James increased 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. Robert W. Baird dropped their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, Citigroup reduced their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.25.

Oshkosh Stock Up 2.7 %

Shares of Oshkosh stock opened at $116.30 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.72 and a beta of 1.21. The firm’s 50-day moving average is $99.78 and its two-hundred day moving average is $102.95. Oshkosh Co. has a 1 year low of $89.08 and a 1 year high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data 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 6.41% and a return on equity of 19.87%. As a group, research analysts expect that Oshkosh Co. will post 11.34 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be paid a dividend of $0.51 per share. 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 dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, February 14th. Oshkosh’s dividend payout ratio is 19.71%.

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.