Mackenzie Financial Corp Takes $531,000 Position in Oshkosh Co. (NYSE:OSK)

Mackenzie Financial Corp acquired a new position in shares of Oshkosh Co. (NYSE:OSK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,588 shares of the company's stock, valued at approximately $531,000.

Several other hedge funds have also recently bought and sold shares of OSK. Barclays PLC increased its holdings in shares of Oshkosh by 40.9% during the third quarter. Barclays PLC now owns 111,710 shares of the company's stock worth $11,192,000 after purchasing an additional 32,435 shares during the period. Semanteon Capital Management LP increased its holdings in shares of Oshkosh by 29.1% during the fourth quarter. Semanteon Capital Management LP now owns 14,820 shares of the company's stock worth $1,409,000 after purchasing an additional 3,342 shares during the period. Entropy Technologies LP increased its holdings in shares of Oshkosh by 29.0% during the fourth 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 during the period. State of Alaska Department of Revenue increased its holdings in shares of Oshkosh by 181.7% during the fourth quarter. State of Alaska Department of Revenue now owns 21,420 shares of the company's stock worth $2,035,000 after purchasing an additional 13,815 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Oshkosh during the fourth quarter worth approximately $23,285,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on OSK shares. Truist Financial raised shares of Oshkosh from a "hold" rating to a "buy" rating and lifted their price objective for the company from $93.00 to $127.00 in a research note on Tuesday. Robert W. Baird lifted their price objective on shares of Oshkosh from $135.00 to $169.00 and gave the company an "outperform" rating in a research note on Friday. Morgan Stanley decreased their price objective on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. UBS Group lifted their price objective on shares of Oshkosh from $99.00 to $119.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Bank of America lifted their price objective on shares of Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research note on Friday. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Oshkosh currently has an average rating of "Hold" and an average target price of $120.29.

Oshkosh Price Performance

Oshkosh stock traded down $0.19 during mid-day trading on Friday, reaching $109.42. The company had a trading volume of 1,266,798 shares, compared to its average volume of 648,353. The company has a market cap of $7.04 billion, a P/E ratio of 10.57, a P/E/G ratio of 1.45 and a beta of 1.37. The business has a fifty day simple moving average of $92.27 and a 200 day simple moving average of $97.99. 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 fifty-two week low of $76.82 and a fifty-two week high of $118.39.

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

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.86%. Oshkosh's dividend payout ratio (DPR) is presently 21.79%.

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.