Cerity Partners LLC Makes New Investment in Oshkosh Co. (NYSE:OSK)

Cerity Partners LLC acquired a new stake in Oshkosh Co. (NYSE:OSK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,929 shares of the company’s stock, valued at approximately $318,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. State of Michigan Retirement System boosted its holdings in shares of Oshkosh by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 15,708 shares of the company’s stock valued at $1,703,000 after acquiring an additional 100 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Oshkosh by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after purchasing an additional 111 shares during the last quarter. Tributary Capital Management LLC lifted its stake in Oshkosh by 2.0% during the fourth quarter. Tributary Capital Management LLC now owns 6,957 shares of the company’s stock valued at $754,000 after purchasing an additional 135 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in Oshkosh by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 28,628 shares of the company’s stock valued at $2,732,000 after purchasing an additional 150 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in Oshkosh by 1.1% during the third quarter. Arizona State Retirement System now owns 18,596 shares of the company’s stock valued at $1,775,000 after purchasing an additional 209 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on OSK. Truist Financial increased their target price on shares of Oshkosh from $121.00 to $132.00 and gave the company a “hold” rating in a research note on Friday. JPMorgan Chase & Co. upped their price target on shares of Oshkosh from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Citigroup upped their price target on shares of Oshkosh from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Robert W. Baird upped their price target on shares of Oshkosh from $140.00 to $158.00 and gave the company an “outperform” rating in a research report on Friday. Finally, StockNews.com downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Friday. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.50.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the sale, the senior vice president now directly owns 13,499 shares in the company, valued at approximately $1,503,518.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.64% of the company’s stock.

Oshkosh Stock Performance

NYSE:OSK opened at $117.66 on Friday. Oshkosh Co. has a 1 year low of $72.09 and a 1 year high of $127.98. The firm’s fifty day simple moving average is $117.49 and its 200 day simple moving average is $107.16. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $7.72 billion, a PE ratio of 11.26, a PEG ratio of 1.39 and a beta of 1.29.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. Oshkosh’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $1.59 EPS. On average, sell-side analysts anticipate that Oshkosh Co. will post 11.25 EPS for the current year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be given a $0.46 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.84 annualized dividend and a yield of 1.56%. Oshkosh’s dividend payout ratio is 17.61%.

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.