Xponance Inc. Has $720,000 Stock Holdings in Oshkosh Co. (NYSE:OSK)

Xponance Inc. lifted its holdings in shares of Oshkosh Co. (NYSE:OSK) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,572 shares of the company’s stock after buying an additional 540 shares during the quarter. Xponance Inc.’s holdings in Oshkosh were worth $720,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OSK. Vaughan Nelson Investment Management L.P. acquired a new position in Oshkosh in the fourth quarter valued at about $23,285,000. BNP Paribas Financial Markets raised its position in shares of Oshkosh by 154.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock valued at $16,044,000 after acquiring an additional 97,282 shares during the period. Raymond James Financial Inc. acquired a new position in Oshkosh during the fourth quarter valued at approximately $8,467,000. Assenagon Asset Management S.A. grew its holdings in Oshkosh by 29.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company’s stock valued at $29,675,000 after purchasing an additional 71,911 shares during the period. Finally, Edgestream Partners L.P. increased its stake in Oshkosh by 704.3% in 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 in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

OSK has been the subject of several research analyst reports. Citigroup decreased their price target on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Evercore ISI increased their price target on Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Bank of America lifted their price objective on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, February 10th. JPMorgan Chase & Co. lowered their target price on Oshkosh from $127.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. Finally, Truist Financial lifted their price target on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $124.38.

Oshkosh Trading Up 3.2 %

Shares of NYSE:OSK opened at $98.84 on Tuesday. The company’s 50-day moving average price is $101.58 and its two-hundred day moving average price is $102.31. Oshkosh Co. has a one year low of $89.08 and a one year high of $127.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The stock has a market capitalization of $6.38 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. On average, equities analysts forecast that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.06%. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh’s payout ratio is presently 19.71%.

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.