Smartleaf Asset Management LLC Buys 1,380 Shares of Oshkosh Co. (NYSE:OSK)

Smartleaf Asset Management LLC boosted its position in shares of Oshkosh Co. (NYSE:OSK) by 816.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,549 shares of the company’s stock after acquiring an additional 1,380 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Oshkosh were worth $146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in OSK. Blue Trust Inc. increased its stake in shares of Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares in the last quarter. Hager Investment Management Services LLC bought a new position in Oshkosh in the 4th quarter worth $32,000. Brooklyn Investment Group purchased a new stake in Oshkosh in the 3rd quarter worth $34,000. Proficio Capital Partners LLC purchased a new stake in Oshkosh in the 4th quarter worth $34,000. Finally, V Square Quantitative Management LLC raised its holdings in Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after acquiring an additional 157 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OSK. 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 report on Monday, February 3rd. Citigroup dropped their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Bank of America lifted their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. UBS Group upped their target price on shares of Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Truist Financial raised their target price on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $125.92.

Oshkosh Price Performance

OSK stock opened at $97.51 on Friday. Oshkosh Co. has a 52 week low of $89.08 and a 52 week high of $127.98. The firm has a market capitalization of $6.29 billion, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company has a fifty day simple moving average of $100.69 and a two-hundred day simple moving average of $103.06. 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 announced its quarterly earnings results 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 net margin of 6.34% and a return on equity of 19.31%. Analysts anticipate that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.51 dividend. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.09%. Oshkosh’s payout ratio is 19.71%.

Oshkosh 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.