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

Blue Trust Inc. boosted its stake in Oshkosh Co. (NYSE:OSK) by 108.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 265 shares of the company’s stock after purchasing an additional 138 shares during the period. Blue Trust Inc.’s holdings in Oshkosh were worth $27,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in OSK. V Square Quantitative Management LLC increased its holdings in shares of Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after buying an additional 157 shares in the last quarter. Burns Matteson Capital Management LLC bought a new stake in Oshkosh during the 4th quarter worth $343,000. Vaughan Nelson Investment Management L.P. acquired a new position in Oshkosh in the 4th quarter worth about $23,285,000. Entropy Technologies LP increased its holdings in Oshkosh by 29.0% in the 4th quarter. Entropy Technologies LP now owns 20,018 shares of the company’s stock worth $1,903,000 after purchasing an additional 4,498 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Oshkosh by 239.2% in the fourth quarter. Empowered Funds LLC now owns 41,686 shares of the company’s stock valued at $3,963,000 after purchasing an additional 29,397 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OSK. Raymond James boosted their price target on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Truist Financial boosted their target price on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price target 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. UBS Group boosted their price objective on shares of Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Morgan Stanley increased their price objective on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Oshkosh currently has an average rating of “Moderate Buy” and a consensus target price of $126.23.

Oshkosh Stock Performance

Shares of OSK opened at $101.48 on Friday. The firm’s fifty day simple moving average is $100.43 and its two-hundred day simple moving average is $103.15. Oshkosh Co. has a 12 month low of $89.08 and a 12 month high of $127.98. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $6.55 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 1.45 and a beta of 1.22.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. As a group, analysts predict that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be given a dividend of $0.51 per share. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.01%. Oshkosh’s dividend payout ratio (DPR) is 19.71%.

Oshkosh Company 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.