Oshkosh Co. (NYSE:OSK) Shares Bought by Skylands Capital LLC

Skylands Capital LLC grew its stake in shares of Oshkosh Co. (NYSE:OSK) by 2.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 164,735 shares of the company’s stock after buying an additional 4,060 shares during the quarter. Oshkosh comprises about 2.2% of Skylands Capital LLC’s holdings, making the stock its 10th biggest position. Skylands Capital LLC’s holdings in Oshkosh were worth $15,661,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of OSK. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Oshkosh during the 4th quarter valued at $23,285,000. BNP Paribas Financial Markets raised its stake in Oshkosh by 154.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock valued at $16,044,000 after purchasing an additional 97,282 shares during the period. Assenagon Asset Management S.A. raised its stake in Oshkosh by 29.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company’s stock valued at $29,675,000 after purchasing an additional 71,911 shares during the period. Edgestream Partners L.P. raised its stake in Oshkosh by 704.3% during the 3rd quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock valued at $6,817,000 after purchasing an additional 59,566 shares during the period. Finally, Holocene Advisors LP acquired a new stake in Oshkosh during the 3rd quarter valued at $5,375,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Down 6.5 %

OSK stock opened at $103.18 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98. The company has a 50-day moving average of $99.95 and a two-hundred day moving average of $103.13. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 1.45 and a beta of 1.23.

Oshkosh (NYSE:OSK) last released its quarterly 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 net margin of 6.34% and a return on equity of 19.31%. As a group, equities research analysts anticipate that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.98%. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 14th. Oshkosh’s dividend payout ratio is 19.71%.

Analysts Set New Price Targets

OSK has been the topic of several recent analyst reports. Truist Financial boosted their target price on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Raymond James boosted their target price on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upped 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, January 31st. Bank of America upped their price target on shares of Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. Finally, KeyCorp upped their price target on shares of Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $126.23.

Oshkosh Company 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.