Voloridge Investment Management LLC Purchases 155,182 Shares of Oshkosh Co. (NYSE:OSK)

Voloridge Investment Management LLC lifted its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 48.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 476,419 shares of the company's stock after purchasing an additional 155,182 shares during the quarter. Voloridge Investment Management LLC owned 0.73% of Oshkosh worth $45,293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Synovus Financial Corp lifted its stake in Oshkosh by 0.4% during the fourth quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock valued at $2,886,000 after buying an additional 106 shares in the last quarter. Coppell Advisory Solutions LLC raised its holdings in shares of Oshkosh by 52.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after acquiring an additional 110 shares during the period. Captrust Financial Advisors lifted its position in shares of Oshkosh by 3.9% in the 4th quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock valued at $310,000 after acquiring an additional 122 shares in the last quarter. Blue Trust Inc. boosted its stake in Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after purchasing an additional 138 shares during the period. Finally, Private Advisor Group LLC grew its position in Oshkosh by 4.0% during the 4th quarter. Private Advisor Group LLC now owns 3,923 shares of the company's stock worth $373,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Stock Down 0.5%

Shares of OSK stock traded down $0.53 on Friday, hitting $97.90. The company's stock had a trading volume of 603,099 shares, compared to its average volume of 628,244. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 1.45 and a beta of 1.37. Oshkosh Co. has a fifty-two week low of $76.82 and a fifty-two week high of $118.39. The firm's fifty day moving average price is $91.19 and its 200-day moving average price is $98.62. 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 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 company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the company posted $2.89 EPS. The business's revenue was down 9.1% compared to the same quarter last year. Research analysts anticipate that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, May 16th. Oshkosh's dividend payout ratio is 21.79%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on OSK. Bank of America increased their target price on Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a report on Monday, February 10th. Truist Financial decreased their price objective on Oshkosh from $94.00 to $93.00 and set a "hold" rating for the company in a research report on Thursday, May 1st. UBS Group upped their target price on Oshkosh from $99.00 to $119.00 and gave the company a "buy" rating in a report on Friday, May 16th. Morgan Stanley decreased their price target on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Citigroup reaffirmed a "buy" rating and set a $105.00 price objective (up from $95.00) on shares of Oshkosh in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Oshkosh presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.93.

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.