Advisors Asset Management Inc. Increases Stock Position in Oshkosh Co. (NYSE:OSK)

Advisors Asset Management Inc. grew its position in shares of Oshkosh Co. (NYSE:OSK) by 9.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 54,968 shares of the company’s stock after buying an additional 4,846 shares during the quarter. Advisors Asset Management Inc.’s holdings in Oshkosh were worth $5,226,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in Oshkosh during the 3rd quarter worth approximately $233,000. KBC Group NV boosted its holdings in shares of Oshkosh by 15.2% in the third 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 period. Quest Partners LLC grew its position in shares of Oshkosh by 1,211.0% during the third quarter. Quest Partners LLC now owns 3,933 shares of the company’s stock worth $394,000 after acquiring an additional 3,633 shares during the last quarter. Pathstone Holdings LLC increased its holdings in shares of Oshkosh by 2.6% in the 3rd quarter. Pathstone Holdings LLC now owns 31,895 shares of the company’s stock valued at $3,196,000 after acquiring an additional 819 shares during the period. Finally, Commerce Bank raised its position in Oshkosh by 6.8% in the 3rd quarter. Commerce Bank now owns 5,757 shares of the company’s stock valued at $577,000 after purchasing an additional 369 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Performance

NYSE:OSK opened at $97.36 on Thursday. The firm’s fifty day simple moving average is $101.21 and its 200-day simple moving average is $102.43. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The stock has a market cap of $6.28 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK) last issued its earnings results 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%. Analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.10%. Oshkosh’s payout ratio is currently 19.71%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. KeyCorp raised their price objective on shares of Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Raymond James boosted their price target on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Bank of America upped their price objective on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. The Goldman Sachs Group lowered their target price on Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Evercore ISI upped their price target on Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $124.38.

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.