Pictet Asset Management Holding SA Decreases Stock Position in Oshkosh Co. (NYSE:OSK)

Pictet Asset Management Holding SA lowered its stake in shares of Oshkosh Co. (NYSE:OSK) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,866 shares of the company’s stock after selling 133 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Oshkosh were worth $843,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Oshkosh during the 4th quarter valued at about $72,692,000. American Century Companies Inc. boosted its position in Oshkosh by 23.3% in the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock valued at $193,031,000 after buying an additional 384,141 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Oshkosh in the 4th quarter worth approximately $23,285,000. Vanguard Group Inc. raised its position in Oshkosh by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company’s stock worth $774,035,000 after buying an additional 176,400 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Oshkosh during the 4th quarter valued at approximately $8,467,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Down 1.5 %

Shares of NYSE OSK opened at $81.36 on Tuesday. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company’s 50-day simple moving average is $100.90 and its 200-day simple moving average is $101.76. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 52-week low of $76.82 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 the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Equities analysts predict that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.51%. The ex-dividend date was Friday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s payout ratio is 19.71%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Bank of America raised their target price on shares of Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. UBS Group reduced their price objective on Oshkosh from $137.00 to $97.00 and set a “buy” rating for the company in a research note on Monday. Citigroup lowered their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. KeyCorp lifted their price target on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Truist Financial upped their price objective on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $121.31.

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.