Sei Investments Co. Grows Stock Position in Oshkosh Co. (NYSE:OSK)

Sei Investments Co. raised its holdings in Oshkosh Co. (NYSE:OSK) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 528,940 shares of the company’s stock after buying an additional 35,072 shares during the quarter. Sei Investments Co. owned approximately 0.81% of Oshkosh worth $50,289,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after purchasing an additional 138 shares during the period. Carolina Wealth Advisors LLC grew its stake in shares of Oshkosh by 2.5% during the 4th quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company’s stock valued at $576,000 after buying an additional 146 shares during the period. Private Advisor Group LLC increased its holdings in shares of Oshkosh by 4.0% during the 4th quarter. Private Advisor Group LLC now owns 3,923 shares of the company’s stock worth $373,000 after buying an additional 152 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Oshkosh by 64.1% in the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after buying an additional 157 shares during the period. Finally, Manchester Capital Management LLC boosted its holdings in Oshkosh by 11.1% in the fourth quarter. Manchester Capital Management LLC now owns 2,143 shares of the company’s stock valued at $204,000 after acquiring an additional 214 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analysts Set New Price Targets

OSK has been the topic of a number of recent research reports. Truist Financial lifted their price target on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research report on Friday, January 31st. KeyCorp lifted their target price on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on Oshkosh from $127.00 to $117.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Raymond James boosted 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. Finally, Bank of America increased their target price on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Oshkosh currently has a consensus rating of “Hold” and an average target price of $124.38.

Oshkosh Stock Down 2.0 %

Shares of Oshkosh stock opened at $95.75 on Monday. The business has a 50-day moving average price of $101.44 and a 200 day moving average price of $102.32. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The firm has a market cap of $6.18 billion, a P/E ratio of 9.25, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK) last issued 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 return on equity of 19.31% and a net margin of 6.34%. On average, sell-side 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. Stockholders of record on Monday, February 17th were given a $0.51 dividend. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Friday, February 14th. Oshkosh’s dividend payout ratio (DPR) is presently 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.