BI Asset Management Fondsmaeglerselskab A S Makes New $79,000 Investment in Oshkosh Co. (NYSE:OSK)

BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Oshkosh Co. (NYSE:OSK) in the 4th quarter, HoldingsChannel.com reports. The fund bought 728 shares of the company’s stock, valued at approximately $79,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OSK. Venturi Wealth Management LLC increased its stake in Oshkosh by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after acquiring an additional 111 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Oshkosh during the fourth quarter worth $42,000. Principal Securities Inc. acquired a new stake in Oshkosh during the fourth quarter worth $74,000. International Assets Investment Management LLC increased its stake in Oshkosh by 10,744.4% during the fourth quarter. International Assets Investment Management LLC now owns 976 shares of the company’s stock worth $106,000 after acquiring an additional 967 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in Oshkosh by 24.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,330 shares of the company’s stock worth $144,000 after acquiring an additional 264 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price objective on Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. UBS Group lifted their price objective on Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. DA Davidson raised Oshkosh from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $122.00 to $130.00 in a research note on Friday, March 1st. Evercore ISI lifted their price objective on Oshkosh from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Finally, Wells Fargo & Company lifted their price objective on Oshkosh from $114.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

Oshkosh Stock Down 0.2 %

Shares of NYSE OSK opened at $115.46 on Friday. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 1.23 and a beta of 1.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. The business has a 50-day moving average of $119.83 and a two-hundred day moving average of $110.81. Oshkosh Co. has a 1 year low of $72.79 and a 1 year high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. Oshkosh’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.59 EPS. On average, analysts forecast that Oshkosh Co. will post 11.05 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh’s dividend payout ratio (DPR) is 17.61%.

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.