Congress Wealth Management LLC DE Boosts Stake in Oshkosh Co. (NYSE:OSK)

Congress Wealth Management LLC DE grew its stake in Oshkosh Co. (NYSE:OSK) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,181 shares of the company’s stock after acquiring an additional 555 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Oshkosh were worth $588,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake 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 acquiring an additional 384,141 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Oshkosh during the 4th quarter valued at $23,285,000. Vanguard Group Inc. boosted its position in shares of Oshkosh by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company’s stock worth $774,035,000 after purchasing an additional 176,400 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Oshkosh by 154.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock worth $16,044,000 after buying an additional 97,282 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Oshkosh during the 4th quarter valued at about $8,467,000. 92.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. KeyCorp boosted their price target on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Bank of America boosted their target price 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 upped their price target on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research note on Friday, January 31st. UBS Group lifted their price objective on shares of Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Evercore ISI upped their target price on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. One 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.com, Oshkosh currently has a consensus rating of “Hold” and an average target price of $124.38.

Oshkosh Price Performance

NYSE:OSK opened at $94.32 on Friday. The firm’s fifty day moving average is $101.81 and its two-hundred day moving average is $102.24. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. Oshkosh Co. has a one year low of $89.08 and a one year high of $127.98.

Oshkosh (NYSE:OSK) last issued its earnings results 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%. Research analysts expect that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.16%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh’s payout ratio is 19.71%.

Oshkosh Company 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.