Chicago Partners Investment Group LLC Invests $206,000 in Oshkosh Co. (NYSE:OSK)

Chicago Partners Investment Group LLC purchased a new stake in Oshkosh Co. (NYSE:OSK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,934 shares of the company’s stock, valued at approximately $206,000.

Several other large investors have also added to or reduced their stakes in the business. Greenhaven Associates Inc. lifted its position in Oshkosh by 0.5% in the 4th quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company’s stock valued at $267,750,000 after acquiring an additional 11,100 shares in the last quarter. LSV Asset Management lifted its position in Oshkosh by 410.6% in the 4th quarter. LSV Asset Management now owns 1,848,390 shares of the company’s stock valued at $200,384,000 after acquiring an additional 1,486,402 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Oshkosh by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,710 shares of the company’s stock valued at $189,473,000 after acquiring an additional 122,786 shares in the last quarter. Invesco Ltd. lifted its position in Oshkosh by 2.0% in the 3rd quarter. Invesco Ltd. now owns 857,911 shares of the company’s stock valued at $81,870,000 after acquiring an additional 16,919 shares in the last quarter. Finally, Norges Bank bought a new position in Oshkosh in the 4th quarter valued at about $83,524,000. Institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on OSK shares. DA Davidson raised shares of Oshkosh from a “neutral” rating to a “buy” rating and raised their price target for the company from $122.00 to $130.00 in a research report on Friday, March 1st. Evercore ISI lifted their target price on shares of Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Robert W. Baird lifted their target price on shares of Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Stifel Nicolaus lifted their target price on shares of Oshkosh from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Bank of America lifted their target price on shares of Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.94.

Oshkosh Stock Down 0.3 %

Oshkosh stock opened at $105.88 on Wednesday. Oshkosh Co. has a 1-year low of $80.07 and a 1-year high of $127.98. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 1.03 and a beta of 1.26. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $115.93 and a 200 day simple moving average of $112.56.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the business earned $1.59 EPS. Oshkosh’s revenue was up 12.2% compared to the same quarter last year. On average, analysts predict that Oshkosh Co. will post 11.17 earnings per share for the current year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were given a dividend of $0.46 per share. The ex-dividend date was Friday, May 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.74%. Oshkosh’s dividend payout ratio (DPR) is currently 17.61%.

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.