Oshkosh Co. (NYSE:OSK) Shares Acquired by Algert Global LLC

Algert Global LLC boosted its position in Oshkosh Co. (NYSE:OSK - Free Report) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 144,217 shares of the company's stock after purchasing an additional 23,164 shares during the period. Algert Global LLC owned about 0.22% of Oshkosh worth $13,711,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Barclays PLC grew its holdings in Oshkosh by 40.9% during the 3rd quarter. Barclays PLC now owns 111,710 shares of the company's stock valued at $11,192,000 after buying an additional 32,435 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Oshkosh in the 3rd quarter worth approximately $504,000. Tidal Investments LLC raised its stake in Oshkosh by 8.3% in the third quarter. Tidal Investments LLC now owns 10,841 shares of the company's stock worth $1,086,000 after buying an additional 827 shares in the last quarter. Franklin Resources Inc. bought a new stake in Oshkosh during the 3rd quarter valued at $532,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Oshkosh by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company's stock valued at $19,632,000 after acquiring an additional 28,478 shares during the period. Hedge funds and other institutional investors own 92.36% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on OSK shares. JPMorgan Chase & Co. dropped their target price on Oshkosh from $100.00 to $92.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. DA Davidson lowered their target price on Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Bank of America lifted their price target on Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. KeyCorp dropped their price objective on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group cut their target price on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $112.64.

Oshkosh Price Performance

Oshkosh stock traded up $0.34 during midday trading on Wednesday, reaching $88.60. The company had a trading volume of 585,193 shares, compared to its average volume of 613,423. The company has a market capitalization of $5.70 billion, a P/E ratio of 8.56, a P/E/G ratio of 1.45 and a beta of 1.37. The firm's fifty day simple moving average is $90.93 and its 200-day simple moving average is $99.23. Oshkosh Co. has a 12-month low of $76.82 and a 12-month high of $123.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.10). The firm had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.42 billion. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The company's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.89 earnings per share. As a group, equities analysts anticipate that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.51 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 2.30%. Oshkosh's dividend payout ratio (DPR) is presently 21.79%.

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.