Blue Trust Inc. Purchases 138 Shares of Oshkosh Co. (NYSE:OSK)

Blue Trust Inc. increased its position in Oshkosh Co. (NYSE:OSK) by 108.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 265 shares of the company’s stock after acquiring an additional 138 shares during the quarter. Blue Trust Inc.’s holdings in Oshkosh were worth $27,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OSK. V Square Quantitative Management LLC acquired a new stake in shares of Oshkosh during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group acquired a new stake in Oshkosh during the third quarter worth $34,000. International Assets Investment Management LLC increased its holdings in Oshkosh by 9,922.2% in the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after buying an additional 893 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Oshkosh by 35.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock valued at $100,000 after buying an additional 262 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Oshkosh by 15.2% during the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $167,000 after acquiring an additional 220 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Price Performance

OSK opened at $110.21 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The stock has a market capitalization of $7.17 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. The company’s 50 day simple moving average is $99.54 and its 200-day simple moving average is $103.00. Oshkosh Co. has a one year low of $89.08 and a one year high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 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%. Sell-side analysts anticipate that Oshkosh Co. will post 10.95 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, February 14th. 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 yield of 1.85%. Oshkosh’s dividend payout ratio is presently 19.71%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on OSK shares. Truist Financial increased their price target on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Robert W. Baird dropped their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. KeyCorp boosted their price target on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Citigroup dropped their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and an average price target of $124.85.

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.