Kennedy Capital Management LLC boosted its holdings in Oshkosh Corporation (NYSE:OSK – Free Report) by 41.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 195,276 shares of the company’s stock after buying an additional 56,928 shares during the period. Kennedy Capital Management LLC’s holdings in Oshkosh were worth $24,533,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of OSK. Barclays PLC raised its stake in shares of Oshkosh by 4.2% during the fourth quarter. Barclays PLC now owns 116,423 shares of the company’s stock valued at $14,626,000 after purchasing an additional 4,659 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of Oshkosh during the fourth quarter valued at approximately $668,000. CANADA LIFE ASSURANCE Co raised its stake in shares of Oshkosh by 4.5% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 932,967 shares of the company’s stock valued at $117,319,000 after purchasing an additional 40,199 shares during the period. Borer Denton & Associates Inc. purchased a new stake in shares of Oshkosh during the fourth quarter valued at approximately $291,000. Finally, Bridgewater Associates LP raised its stake in shares of Oshkosh by 77.3% during the fourth quarter. Bridgewater Associates LP now owns 69,216 shares of the company’s stock valued at $8,696,000 after purchasing an additional 30,184 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.
Oshkosh Stock Up 0.8%
Shares of NYSE:OSK opened at $135.10 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $139.43 and a 200 day simple moving average of $144.63. The firm has a market cap of $8.42 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 0.66 and a beta of 1.26. Oshkosh Corporation has a 12-month low of $106.37 and a 12-month high of $180.49.
Oshkosh Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, May 26th. Oshkosh’s payout ratio is 25.39%.
Analyst Ratings Changes
OSK has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Citigroup lowered shares of Oshkosh from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $180.00 to $170.00 in a research note on Monday, April 13th. Evercore reiterated an “outperform” rating and set a $181.00 price objective on shares of Oshkosh in a research note on Monday, May 11th. JPMorgan Chase & Co. dropped their price objective on shares of Oshkosh from $158.00 to $145.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Finally, Truist Financial reiterated a “hold” rating and set a $176.00 price objective (down from $183.00) on shares of Oshkosh in a research note on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.38.
Read Our Latest Research Report on OSK
Insider Activity
In related news, Director Duncan Palmer sold 505 shares of Oshkosh stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total value of $67,599.30. Following the completion of the sale, the director owned 39,684 shares in the company, valued at approximately $5,312,100.24. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company’s stock.
About Oshkosh
Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.
Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.
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