Gabelli Funds LLC Purchases 4,000 Shares of Oshkosh Co. (NYSE:OSK)

Gabelli Funds LLC increased its position in Oshkosh Co. (NYSE:OSK) by 33.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,000 shares of the company’s stock after buying an additional 4,000 shares during the period. Gabelli Funds LLC’s holdings in Oshkosh were worth $1,521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Synovus Financial Corp boosted its stake in Oshkosh by 0.4% during the 4th quarter. Synovus Financial Corp now owns 30,357 shares of the company’s stock valued at $2,886,000 after purchasing an additional 106 shares during the period. Blue Trust Inc. lifted its holdings in shares of Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after buying an additional 138 shares during the last quarter. Carolina Wealth Advisors LLC boosted its position in shares of Oshkosh by 2.5% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company’s stock valued at $576,000 after acquiring an additional 146 shares during the period. Private Advisor Group LLC grew its stake in shares of Oshkosh by 4.0% in the fourth quarter. Private Advisor Group LLC now owns 3,923 shares of the company’s stock worth $373,000 after acquiring an additional 152 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its position in 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 acquiring an additional 157 shares during the period. Institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OSK. 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 report on Friday, January 31st. Morgan Stanley lowered their price target on Oshkosh from $110.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Wednesday. KeyCorp reduced their price objective on Oshkosh from $132.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price objective on Oshkosh from $117.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, Truist Financial reduced their target price on Oshkosh from $118.00 to $94.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Oshkosh currently has an average rating of “Hold” and an average target price of $114.62.

Oshkosh Price Performance

NYSE:OSK opened at $84.42 on Friday. 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 market cap of $5.46 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. Oshkosh Co. has a 12 month low of $76.82 and a 12 month high of $125.00. The company’s 50-day moving average price is $95.56 and its two-hundred day moving average price is $100.55.

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

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a dividend of $0.51 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Friday, February 14th. Oshkosh’s dividend payout ratio 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.