Equity Investment Corp Buys 10,088 Shares of Oshkosh Co. (NYSE:OSK)

Equity Investment Corp raised its position in shares of Oshkosh Co. (NYSE:OSK) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 598,972 shares of the company’s stock after purchasing an additional 10,088 shares during the quarter. Equity Investment Corp’s holdings in Oshkosh were worth $56,944,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

OSK has been the subject of several analyst reports. UBS Group raised their price objective on shares of Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Morgan Stanley increased their target price on Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Evercore ISI boosted their target price on shares of Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Finally, Raymond James boosted their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and an average price target of $126.23.

Oshkosh Price Performance

Shares of OSK opened at $102.69 on Thursday. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The company has a 50 day moving average price of $100.28 and a 200-day moving average price of $103.16. The stock has a market capitalization of $6.63 billion, a PE ratio of 9.92, a PEG ratio of 1.45 and a beta of 1.22. 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 released its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share 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%. Equities analysts predict 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 will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a dividend of $0.51 per share. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.99%. Oshkosh’s payout ratio is presently 19.71%.

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.