Congress Wealth Management LLC DE Boosts Stock Position in Oshkosh Co. (NYSE:OSK)

Congress Wealth Management LLC DE increased its holdings in Oshkosh Co. (NYSE:OSK) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,181 shares of the company’s stock after purchasing an additional 555 shares during the period. Congress Wealth Management LLC DE’s holdings in Oshkosh were worth $588,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Oshkosh by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company’s stock worth $774,035,000 after buying an additional 176,400 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Oshkosh in the fourth quarter worth about $1,274,000. Sei Investments Co. increased its stake in Oshkosh by 7.1% during the fourth quarter. Sei Investments Co. now owns 528,940 shares of the company’s stock worth $50,289,000 after acquiring an additional 35,072 shares during the last quarter. American Century Companies Inc. raised its position in Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock valued at $193,031,000 after purchasing an additional 384,141 shares during the period. Finally, Semanteon Capital Management LP lifted its stake in shares of Oshkosh by 29.1% in the 4th 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 last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

Oshkosh stock opened at $94.32 on Friday. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The firm has a 50-day moving average of $101.81 and a two-hundred day moving average of $102.24. Oshkosh Co. has a 1 year low of $89.08 and a 1 year 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 announced 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 return on equity of 19.31% and a net margin of 6.34%. On average, research analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 dividend yield of 2.16%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio (DPR) is currently 19.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. KeyCorp boosted their target price on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. The Goldman Sachs Group cut their price objective on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. JPMorgan Chase & Co. lowered their target price on shares of Oshkosh from $127.00 to $117.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Raymond James lifted their price target on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Citigroup reduced their price objective on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $124.38.

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.