Verity Asset Management Inc. Invests $234,000 in Oshkosh Co. (NYSE:OSK)

Verity Asset Management Inc. bought a new position in Oshkosh Co. (NYSE:OSK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,463 shares of the company’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also modified their holdings of OSK. Assenagon Asset Management S.A. boosted its position in shares of Oshkosh by 3,329.3% in the third quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock worth $24,073,000 after buying an additional 233,218 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Oshkosh by 154.9% in the third quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock worth $16,044,000 after buying an additional 97,282 shares during the period. Edgestream Partners L.P. boosted its position in Oshkosh by 704.3% during the third quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock valued at $6,817,000 after purchasing an additional 59,566 shares during the last quarter. Holocene Advisors LP acquired a new stake in Oshkosh during the third quarter valued at $5,375,000. Finally, Quantbot Technologies LP acquired a new stake in Oshkosh during the third quarter valued at $4,778,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Trading Down 1.3 %

Oshkosh stock opened at $111.42 on Wednesday. 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 business’s 50-day simple moving average is $99.71 and its 200-day simple moving average is $103.00. The firm has a market capitalization of $7.25 billion, a PE ratio of 10.77, a PEG ratio of 1.97 and a beta of 1.22. Oshkosh Co. has a 52 week low of $89.08 and a 52 week high of $127.98.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Equities research analysts forecast that Oshkosh Co. will post 11 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.83%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, February 14th. Oshkosh’s payout ratio is currently 17.78%.

Analysts Set New Price Targets

OSK has been the subject of a number of research reports. Citigroup reduced their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. UBS Group lifted their price objective on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research report on Monday. Truist Financial lifted their price objective on Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research report on Friday, January 31st. KeyCorp lifted their price objective on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their target price on Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.00.

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.