KLP Kapitalforvaltning AS Buys New Position in Oshkosh Co. (NYSE:OSK)

KLP Kapitalforvaltning AS purchased a new position in shares of Oshkosh Co. (NYSE:OSK) during the fourth quarter, Holdings Channel.com reports. The fund purchased 13,400 shares of the company’s stock, valued at approximately $1,274,000.

Several other hedge funds have also made changes to their positions in the business. Blue Trust Inc. lifted its holdings in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after buying an additional 138 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in Oshkosh in the fourth quarter valued at $32,000. Brooklyn Investment Group purchased a new stake in Oshkosh during the 3rd quarter worth about $34,000. V Square Quantitative Management LLC increased its holdings in shares of Oshkosh by 64.1% in the 4th 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 last quarter. Finally, Twin Tree Management LP purchased a new stake in Oshkosh during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of OSK stock opened at $94.32 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 12-month low of $89.08 and a 12-month high of $127.98. The company 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 stock has a 50 day simple moving average of $101.81 and a 200-day simple moving average of $102.27.

Oshkosh (NYSE:OSK) last released its 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 return on equity of 19.31% and a net margin of 6.34%. On average, equities analysts forecast that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a dividend of $0.51 per share. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh’s dividend payout ratio is presently 19.71%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on OSK shares. Evercore ISI raised their price objective on shares of Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. The Goldman Sachs Group dropped their price target on Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. 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. Citigroup cut their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, UBS Group increased their price target 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Oshkosh has a consensus rating of “Hold” and a consensus 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.