Natixis Advisors LLC Grows Holdings in Oshkosh Co. (NYSE:OSK)

Natixis Advisors LLC grew its holdings in shares of Oshkosh Co. (NYSE:OSK) by 275.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,341 shares of the company’s stock after buying an additional 49,394 shares during the quarter. Natixis Advisors LLC owned 0.10% of Oshkosh worth $6,402,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Greenhaven Associates Inc. boosted its stake in shares of Oshkosh by 0.6% during the 4th quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock valued at $242,629,000 after buying an additional 15,622 shares during the last quarter. FMR LLC boosted its stake in shares of Oshkosh by 3.3% during the 3rd quarter. FMR LLC now owns 1,223,891 shares of the company’s stock valued at $122,646,000 after buying an additional 39,235 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Oshkosh by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock valued at $109,250,000 after buying an additional 10,357 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Oshkosh by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock valued at $68,561,000 after buying an additional 4,974 shares during the last quarter. Finally, Equity Investment Corp lifted its stake in Oshkosh by 1.7% during the fourth quarter. Equity Investment Corp now owns 598,972 shares of the company’s stock worth $56,944,000 after purchasing an additional 10,088 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Truist Financial raised their price objective on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Raymond James raised their price objective on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Evercore ISI increased their target price on Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Citigroup dropped 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. Finally, Bank of America increased their target price on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. One 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. According to MarketBeat, Oshkosh presently has an average rating of “Hold” and a consensus price target of $124.38.

Oshkosh Price Performance

Shares of OSK opened at $95.75 on Friday. The stock’s fifty day moving average is $101.44 and its 200-day moving average is $102.31. Oshkosh Co. has a one year low of $89.08 and a one year high of $127.98. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Equities analysts anticipate that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, February 14th. This represents a $2.04 annualized dividend and a yield of 2.13%. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio (DPR) is currently 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.