Wealth Enhancement Advisory Services LLC Has $1.06 Million Stake in Oshkosh Co. (NYSE:OSK)

Wealth Enhancement Advisory Services LLC increased its position in Oshkosh Co. (NYSE:OSK) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,184 shares of the company’s stock after purchasing an additional 368 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Oshkosh were worth $1,063,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OSK. Synovus Financial Corp raised its stake in shares of Oshkosh by 0.4% in the 4th 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 increased its stake in Oshkosh by 52.1% in 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 raised its position in Oshkosh by 3.9% in the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company’s stock worth $310,000 after purchasing an additional 122 shares in the last quarter. Blue Trust Inc. raised its position in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in Oshkosh by 4.0% during the fourth quarter. Private Advisor Group LLC now owns 3,923 shares of the company’s stock worth $373,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of OSK stock opened at $109.42 on Monday. Oshkosh Co. has a 1 year low of $76.82 and a 1 year high of $118.39. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $92.27 and its 200-day moving average is $97.85. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 1.45 and a beta of 1.41.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data 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). The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.89 EPS. Sell-side analysts forecast that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 1.86%. Oshkosh’s payout ratio is presently 21.79%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on OSK shares. Evercore ISI upped their price objective on Oshkosh from $137.00 to $147.00 and gave the company an “outperform” rating in a research note on Monday, May 19th. KeyCorp decreased their price target on Oshkosh from $132.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group dropped their price objective on Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Truist Financial upgraded shares of Oshkosh from a “hold” rating to a “buy” rating and boosted their target price for the company from $93.00 to $127.00 in a research note on Tuesday, June 3rd. Finally, UBS Group upped their target price on shares of Oshkosh from $99.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $120.29.

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.