Norges Bank Acquires Shares of 764,615 Oshkosh Co. (NYSE:OSK)

Norges Bank bought a new position in shares of Oshkosh Co. (NYSE:OSK) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 764,615 shares of the company’s stock, valued at approximately $72,692,000. Norges Bank owned approximately 1.18% of Oshkosh as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Bank of Montreal Can grew its holdings in Oshkosh by 34.9% in the third quarter. Bank of Montreal Can now owns 33,691 shares of the company’s stock valued at $3,376,000 after purchasing an additional 8,721 shares during the period. FMR LLC grew its stake in Oshkosh by 3.3% in the 3rd quarter. FMR LLC now owns 1,223,891 shares of the company’s stock valued at $122,646,000 after acquiring an additional 39,235 shares during the period. Paloma Partners Management Co increased its holdings in Oshkosh by 30.4% in the 3rd quarter. Paloma Partners Management Co now owns 2,928 shares of the company’s stock worth $293,000 after acquiring an additional 683 shares in the last quarter. Centiva Capital LP raised its position in Oshkosh by 40.8% during the third quarter. Centiva Capital LP now owns 13,352 shares of the company’s stock worth $1,338,000 after acquiring an additional 3,869 shares during the period. Finally, Holocene Advisors LP purchased a new position in Oshkosh during the third quarter valued at $5,375,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Price Performance

Shares of OSK stock opened at $95.82 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The company has a market capitalization of $6.18 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The firm’s 50-day moving average is $101.71 and its two-hundred day moving average is $102.19. Oshkosh Co. has a 12 month low of $89.08 and a 12 month high of $127.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. Analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently disclosed 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.13%. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh’s dividend payout ratio (DPR) is presently 19.71%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. KeyCorp raised their target price on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on Oshkosh from $127.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Bank of America raised their price objective on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Finally, UBS Group upped their target price on shares of Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh currently has an average rating of “Hold” and a consensus target price of $124.38.

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.