AlphaQuest LLC Has $553,000 Stock Holdings in Oshkosh Co. (NYSE:OSK)

AlphaQuest LLC grew its position in Oshkosh Co. (NYSE:OSK) by 47.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,818 shares of the company’s stock after purchasing an additional 1,885 shares during the period. AlphaQuest LLC’s holdings in Oshkosh were worth $553,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in OSK. Vaughan Nelson Investment Management L.P. bought a new position in shares of Oshkosh in the fourth quarter valued at about $23,285,000. BNP Paribas Financial Markets raised its holdings 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 valued at $16,044,000 after buying an additional 97,282 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Oshkosh in the fourth quarter valued at about $8,467,000. Assenagon Asset Management S.A. raised its holdings in Oshkosh by 29.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company’s stock worth $29,675,000 after purchasing an additional 71,911 shares during the last quarter. Finally, Edgestream Partners L.P. raised its holdings in Oshkosh by 704.3% during the 3rd quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock worth $6,817,000 after purchasing an additional 59,566 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Oshkosh Price Performance

Shares of OSK opened at $95.52 on Thursday. 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 simple moving average of $100.91 and a 200 day simple moving average of $102.81. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98. The firm has a market capitalization of $6.16 billion, a PE ratio of 9.23, a P/E/G ratio of 1.45 and a beta of 1.21.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a dividend of $0.51 per share. The ex-dividend date was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 2.14%. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio is 19.71%.

Analysts Set New Price Targets

OSK has been the subject of several recent research reports. Morgan Stanley boosted their price objective on Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Evercore ISI boosted their price objective on Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Truist Financial boosted their price objective on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Finally, KeyCorp boosted their target price on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $125.92.

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.