Quantinno Capital Management LP Grows Position in Oshkosh Co. (NYSE:OSK)

Quantinno Capital Management LP increased its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,801 shares of the company's stock after buying an additional 11,972 shares during the period. Quantinno Capital Management LP owned about 0.11% of Oshkosh worth $6,921,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in OSK. Norges Bank purchased a new position in shares of Oshkosh during the fourth quarter valued at $72,692,000. American Century Companies Inc. increased its stake in shares of Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock valued at $193,031,000 after buying an additional 384,141 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Oshkosh during the fourth quarter valued at $23,285,000. Atlantic Investment Management Inc. purchased a new position in shares of Oshkosh during the fourth quarter valued at $21,866,000. Finally, Balyasny Asset Management L.P. increased its stake in shares of Oshkosh by 84.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 462,034 shares of the company's stock valued at $43,926,000 after buying an additional 211,244 shares during the period. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

Shares of Oshkosh stock traded down $0.54 on Thursday, reaching $97.95. 118,640 shares of the stock were exchanged, compared to its average volume of 624,355. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a twelve month low of $76.82 and a twelve month high of $118.81. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 1.45 and a beta of 1.37. The business has a 50 day moving average price of $91.11 and a two-hundred day moving average price of $98.70.

Oshkosh (NYSE:OSK - Get Free Report) last released its 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). Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the firm earned $2.89 EPS. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. Analysts anticipate that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Friday, May 16th. Oshkosh's dividend payout ratio (DPR) is 21.79%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. The Goldman Sachs Group cut their target price on Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. UBS Group lifted their target price on Oshkosh from $99.00 to $119.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Truist Financial cut their target price on Oshkosh from $94.00 to $93.00 and set a "hold" rating on the stock in a research note on Thursday, May 1st. Evercore ISI lifted their target price on Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Citigroup reiterated a "buy" rating and issued a $105.00 target price (up previously from $95.00) on shares of Oshkosh in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Oshkosh presently has a consensus rating of "Moderate Buy" and an average price target of $114.93.

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.