Oshkosh Co. (NYSE:OSK) Shares Bought by Good Life Advisors LLC

Good Life Advisors LLC increased its stake in Oshkosh Co. (NYSE:OSK) by 16.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,139 shares of the company’s stock after purchasing an additional 1,706 shares during the quarter. Good Life Advisors LLC’s holdings in Oshkosh were worth $1,154,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. acquired a new stake in Oshkosh in the fourth quarter valued at $23,285,000. Assenagon Asset Management S.A. boosted its position in shares of Oshkosh by 3,329.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock worth $24,073,000 after buying an additional 233,218 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Oshkosh by 154.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock valued at $16,044,000 after acquiring an additional 97,282 shares during the last quarter. Edgestream Partners L.P. increased its holdings in Oshkosh by 704.3% during the 3rd quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock valued at $6,817,000 after acquiring an additional 59,566 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in Oshkosh during the third quarter worth about $5,375,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Raymond James increased their price target on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Robert W. Baird lowered their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Evercore ISI boosted their price target on Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a report on Wednesday. Citigroup decreased their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.23.

Oshkosh Stock Up 0.6 %

Shares of NYSE OSK opened at $109.82 on Thursday. The stock has a market capitalization of $7.15 billion, a PE ratio of 10.61, a P/E/G ratio of 1.42 and a beta of 1.23. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average of $99.71 and a 200-day moving average of $102.99. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (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, analysts anticipate that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently declared 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. This represents a $2.04 dividend on an annualized basis and a yield of 1.86%. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 14th. 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.