Greenhaven Associates Inc. Acquires 15,622 Shares of Oshkosh Co. (NYSE:OSK)

Greenhaven Associates Inc. boosted its stake in shares of Oshkosh Co. (NYSE:OSK) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,552,106 shares of the company’s stock after acquiring an additional 15,622 shares during the period. Oshkosh makes up about 3.6% of Greenhaven Associates Inc.’s portfolio, making the stock its 7th largest holding. Greenhaven Associates Inc.’s holdings in Oshkosh were worth $242,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Oshkosh by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock worth $19,632,000 after acquiring an additional 28,478 shares during the last quarter. Virtu Financial LLC acquired a new stake in Oshkosh in the third quarter valued at approximately $504,000. Barclays PLC increased its position in Oshkosh by 40.9% during the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after buying an additional 32,435 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in Oshkosh by 57.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock worth $2,023,000 after buying an additional 7,334 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its holdings in Oshkosh by 3.4% during the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock valued at $14,144,000 after buying an additional 4,680 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on OSK shares. UBS Group lowered their price objective on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price objective on shares of Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Truist Financial dropped their target price on shares of Oshkosh from $116.00 to $109.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. 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. Finally, Robert W. Baird dropped their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. One 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $121.77.

Oshkosh Stock Up 1.3 %

Shares of OSK opened at $97.16 on Wednesday. Oshkosh Co. has a 12 month low of $89.08 and a 12 month high of $127.98. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 1.01 and a beta of 1.21. The company has a 50-day moving average price of $101.15 and a two-hundred day moving average price of $103.31. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.87 by $0.06. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Equities analysts predict that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.89%. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

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.