Xponance Inc. Acquires 540 Shares of Oshkosh Co. (NYSE:OSK)

Xponance Inc. lifted its holdings in shares of Oshkosh Co. (NYSE:OSK) by 7.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,572 shares of the company’s stock after purchasing an additional 540 shares during the quarter. Xponance Inc.’s holdings in Oshkosh were worth $720,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares during the period. Hager Investment Management Services LLC bought a new stake in shares of Oshkosh during the 4th quarter worth about $32,000. Brooklyn Investment Group acquired a new position in Oshkosh in the 3rd quarter valued at about $34,000. V Square Quantitative Management LLC raised its holdings in Oshkosh by 64.1% in the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after acquiring an additional 157 shares during the period. Finally, Twin Tree Management LP acquired a new stake in Oshkosh during the fourth quarter worth approximately $41,000. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Price Performance

Oshkosh stock opened at $98.84 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. Oshkosh Co. has a 52 week low of $89.08 and a 52 week high of $127.98. The stock has a market capitalization of $6.38 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The stock has a fifty day moving average of $101.58 and a 200-day moving average of $102.31.

Oshkosh (NYSE:OSK) last posted its earnings results 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 net margin of 6.34% and a return on equity of 19.31%. On average, sell-side analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup decreased their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. The Goldman Sachs Group lowered their price objective on Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. KeyCorp boosted their target price on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Bank of America raised their price target on shares of Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Oshkosh from $127.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Oshkosh presently has a consensus rating of “Hold” and an average price target of $124.38.

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.