American Century Companies Inc. Grows Position in Oshkosh Co. (NYSE:OSK)

American Century Companies Inc. grew its stake in shares of Oshkosh Co. (NYSE:OSK) by 23.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,030,410 shares of the company’s stock after acquiring an additional 384,141 shares during the quarter. American Century Companies Inc.’s holdings in Oshkosh were worth $193,031,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Semanteon Capital Management LP grew its position in shares of Oshkosh by 29.1% in the fourth quarter. Semanteon Capital Management LP now owns 14,820 shares of the company’s stock valued at $1,409,000 after purchasing an additional 3,342 shares during the period. Teacher Retirement System of Texas grew its position in shares of Oshkosh by 18.4% in the fourth quarter. Teacher Retirement System of Texas now owns 20,934 shares of the company’s stock valued at $1,990,000 after purchasing an additional 3,259 shares during the period. Xponance Inc. grew its position in shares of Oshkosh by 7.7% in the fourth quarter. Xponance Inc. now owns 7,572 shares of the company’s stock valued at $720,000 after purchasing an additional 540 shares during the period. Advisors Asset Management Inc. grew its position in shares of Oshkosh by 9.7% in the fourth quarter. Advisors Asset Management Inc. now owns 54,968 shares of the company’s stock valued at $5,226,000 after purchasing an additional 4,846 shares during the period. Finally, Delphi Management Inc. MA grew its position in shares of Oshkosh by 4.8% in the fourth quarter. Delphi Management Inc. MA now owns 14,288 shares of the company’s stock valued at $1,358,000 after purchasing an additional 652 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Down 2.0 %

Shares of OSK opened at $95.75 on Friday. The stock’s 50-day moving average is $101.44 and its two-hundred day moving average is $102.31. The stock has a market cap of $6.18 billion, a PE ratio of 9.25, a P/E/G ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a 12 month low of $89.08 and a 12 month high of $127.98. 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 (NYSE:OSK) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping 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 forecast that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a $0.51 dividend. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.13%. Oshkosh’s payout ratio is 19.71%.

Analyst Ratings Changes

A number of brokerages have recently commented on OSK. JPMorgan Chase & Co. lowered their price objective on Oshkosh from $127.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Evercore ISI lifted their target price on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. UBS Group lifted their target price on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Morgan Stanley lifted their target price on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Finally, Citigroup reduced their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $124.38.

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.