Universal Beteiligungs und Servicegesellschaft mbH Takes $5.42 Million Position in Oshkosh Co. (NYSE:OSK)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Oshkosh Co. (NYSE:OSK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 57,017 shares of the company's stock, valued at approximately $5,421,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Oshkosh at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Oshkosh during the fourth quarter worth $72,692,000. American Century Companies Inc. grew its stake in shares of Oshkosh by 23.3% in the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock worth $193,031,000 after acquiring an additional 384,141 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Oshkosh in the 4th quarter worth approximately $25,968,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Oshkosh during the 4th quarter worth $23,285,000. Finally, Atlantic Investment Management Inc. bought a new position in shares of Oshkosh during the 4th quarter valued at approximately $21,866,000. Institutional investors and hedge funds own 92.36% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on OSK. DA Davidson cut their target price on Oshkosh from $120.00 to $111.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and increased their price objective for the company from $93.00 to $127.00 in a research note on Tuesday. KeyCorp dropped their price objective on Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Evercore ISI raised their price objective on shares of Oshkosh from $137.00 to $147.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, Morgan Stanley dropped their target price on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $117.36.

Oshkosh Price Performance

Shares of OSK traded down $0.19 during mid-day trading on Wednesday, hitting $102.14. 559,216 shares of the company were exchanged, compared to its average volume of 634,761. The company has a 50 day moving average of $91.65 and a 200-day moving average of $97.98. Oshkosh Co. has a 1-year low of $76.82 and a 1-year high of $118.39. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51.

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

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, May 16th. Oshkosh's dividend payout ratio is presently 21.79%.

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.