Mackenzie Financial Corp Makes New Investment in Oshkosh Co. (NYSE:OSK)

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

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after buying an additional 138 shares during the period. Coppell Advisory Solutions LLC raised its holdings in shares of Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after acquiring an additional 110 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in shares of Oshkosh during the 4th quarter valued at about $32,000. Proficio Capital Partners LLC bought a new stake in shares of Oshkosh during the 4th quarter valued at about $34,000. Finally, V Square Quantitative Management LLC grew its holdings in shares of 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 purchasing an additional 157 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Trading Up 8.2%

OSK stock traded up $8.36 during trading on Thursday, reaching $110.49. The company had a trading volume of 1,752,710 shares, compared to its average volume of 640,011. Oshkosh Co. has a 52 week low of $76.82 and a 52 week high of $118.39. The business has a 50 day moving average of $91.65 and a 200 day moving average of $97.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The company has a market cap of $7.11 billion, a P/E ratio of 10.64, a PEG ratio of 1.45 and a beta of 1.37.

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

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Friday, May 16th. Oshkosh's payout ratio is currently 21.79%.

Analysts Set New Price Targets

A number of research firms have commented on OSK. Morgan Stanley cut their price target on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Robert W. Baird reduced their target price on Oshkosh from $163.00 to $135.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. The Goldman Sachs Group decreased their price target on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. KeyCorp lowered their target price on Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America increased their price target on shares of Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Oshkosh presently has a consensus rating of "Moderate Buy" and an average price target of $117.36.

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.