Teacher Retirement System of Texas Acquires 3,259 Shares of Oshkosh Co. (NYSE:OSK)

Teacher Retirement System of Texas lifted its stake in shares of Oshkosh Co. (NYSE:OSK) by 18.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,934 shares of the company’s stock after acquiring an additional 3,259 shares during the quarter. Teacher Retirement System of Texas’ holdings in Oshkosh were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Oshkosh by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock valued at $19,632,000 after acquiring an additional 28,478 shares in the last quarter. Barclays PLC boosted its stake in Oshkosh by 40.9% during 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 during the last quarter. Virtu Financial LLC bought a new stake in Oshkosh during the 3rd quarter worth approximately $504,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of Oshkosh by 57.1% in the third 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, Entropy Technologies LP boosted its position in shares of Oshkosh by 29.0% during the fourth quarter. Entropy Technologies LP now owns 20,018 shares of the company’s stock valued at $1,903,000 after buying an additional 4,498 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Stock Down 1.0 %

Shares of NYSE OSK opened at $97.16 on Friday. The business’s fifty day moving average price is $101.83 and its 200-day moving average price is $102.26. Oshkosh Co. has a one year low of $89.08 and a one year high of $127.98. The stock has a market capitalization of $6.27 billion, a PE ratio of 9.39, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK) last released its quarterly earnings data 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%. On average, equities research analysts anticipate that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.51 dividend. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.10%. 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 equities analysts have weighed in on OSK shares. Citigroup dropped their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Bank of America upped their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. Truist Financial lifted their target price on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. KeyCorp upped their target price on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price target on Oshkosh from $127.00 to $117.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $124.38.

Oshkosh Profile

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.