Captrust Financial Advisors Acquires 122 Shares of Oshkosh Co. (NYSE:OSK)

Captrust Financial Advisors lifted its position in Oshkosh Co. (NYSE:OSK) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,259 shares of the company’s stock after buying an additional 122 shares during the quarter. Captrust Financial Advisors’ holdings in Oshkosh were worth $310,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in shares of Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after buying an additional 138 shares in the last quarter. Coppell Advisory Solutions LLC grew 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 worth $30,000 after purchasing an additional 110 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in shares of Oshkosh during the fourth quarter worth about $32,000. V Square Quantitative Management LLC boosted its holdings in Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after acquiring an additional 157 shares during the last quarter. Finally, Twin Tree Management LP bought a new stake in Oshkosh in the fourth quarter valued at approximately $41,000. 92.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on OSK shares. Bank of America boosted their price target on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. Truist Financial cut their price target on Oshkosh from $94.00 to $93.00 and set a “hold” rating for the company in a research note on Thursday, May 1st. DA Davidson dropped their price objective on Oshkosh from $120.00 to $111.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Morgan Stanley lowered their price target on Oshkosh from $110.00 to $91.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Finally, UBS Group raised their price target on Oshkosh from $99.00 to $119.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $114.93.

Oshkosh Trading Down 0.4%

Shares of Oshkosh stock opened at $102.25 on Wednesday. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 9.88, a PEG 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 $118.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The stock has a 50 day moving average of $91.06 and a 200 day moving average of $98.70.

Oshkosh (NYSE:OSK) last released its quarterly 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 quarter last year, the company earned $2.89 earnings per share. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, research analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, May 16th. Oshkosh’s payout ratio is currently 21.79%.

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.