Semanteon Capital Management LP Boosts Holdings in Oshkosh Co. (NYSE:OSK)

Semanteon Capital Management LP lifted its position in shares of Oshkosh Co. (NYSE:OSK) by 29.1% in the fourth quarter, Holdings Channel reports. The firm owned 14,820 shares of the company’s stock after purchasing an additional 3,342 shares during the period. Semanteon Capital Management LP’s holdings in Oshkosh were worth $1,409,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Oshkosh by 17.0% during the 3rd 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 in the last quarter. Barclays PLC raised its position in shares of Oshkosh by 40.9% in the 3rd quarter. Barclays PLC now owns 111,710 shares of the company’s stock valued at $11,192,000 after purchasing an additional 32,435 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Oshkosh in the 3rd quarter valued at approximately $504,000. Y Intercept Hong Kong Ltd raised its position in shares of Oshkosh by 57.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock valued at $2,023,000 after purchasing an additional 7,334 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its position in shares of Oshkosh by 3.4% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock valued at $14,144,000 after purchasing an additional 4,680 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OSK. Morgan Stanley boosted their price target on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on Oshkosh from $127.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday. Citigroup decreased their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Evercore ISI upped their price objective on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, Truist Financial upped their target price on Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a report on Friday, January 31st. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $124.38.

Oshkosh Trading Up 0.4 %

NYSE:OSK opened at $97.68 on Friday. 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 company has a market capitalization of $6.30 billion, a P/E ratio of 9.44, a P/E/G ratio of 1.45 and a beta of 1.21. The stock’s 50 day moving average price is $101.32 and its 200 day moving average price is $102.40. Oshkosh Co. has a 52 week low of $89.08 and a 52 week high of $127.98.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data 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 return on equity of 19.31% and a net margin of 6.34%. On average, research 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 given a dividend of $0.51 per share. The ex-dividend date was Friday, February 14th. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.09%. Oshkosh’s dividend payout ratio (DPR) is 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.