Good Life Advisors LLC Raises Position in Oshkosh Co. (NYSE:OSK)

Good Life Advisors LLC lifted its stake in shares of Oshkosh Co. (NYSE:OSK) by 16.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,139 shares of the company’s stock after acquiring an additional 1,706 shares during the period. Good Life Advisors LLC’s holdings in Oshkosh were worth $1,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in shares of Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after purchasing an additional 138 shares during the period. Hager Investment Management Services LLC purchased a new stake in Oshkosh during the 4th quarter worth $32,000. Brooklyn Investment Group acquired a new position in Oshkosh in the 3rd quarter worth $34,000. V Square Quantitative Management LLC grew its stake in shares of Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after acquiring an additional 157 shares in the last quarter. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Oshkosh during the fourth quarter worth about $44,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Up 0.6 %

Shares of Oshkosh stock opened at $109.82 on Thursday. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.42 and a beta of 1.23. Oshkosh Co. has a twelve month low of $89.08 and a twelve month high of $127.98. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The business’s 50 day simple moving average is $99.71 and its 200-day simple moving average is $102.99.

Oshkosh (NYSE:OSK) last posted 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 research analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a $0.51 dividend. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.04 annualized dividend and a yield of 1.86%. Oshkosh’s dividend payout ratio is 19.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OSK shares. Truist Financial raised their price objective on Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Citigroup decreased their price target on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Bank of America upped their price target on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, February 10th. JPMorgan Chase & Co. raised their price objective on shares of Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, KeyCorp upped their target price on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Oshkosh currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.23.

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.