Poplar Forest Capital LLC Has $21.41 Million Holdings in Oshkosh Co. (NYSE:OSK)

Poplar Forest Capital LLC lessened its stake in shares of Oshkosh Co. (NYSE:OSK) by 17.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 197,526 shares of the company’s stock after selling 40,417 shares during the period. Oshkosh comprises 3.1% of Poplar Forest Capital LLC’s investment portfolio, making the stock its 18th largest holding. Poplar Forest Capital LLC owned about 0.30% of Oshkosh worth $21,414,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Louisiana State Employees Retirement System acquired a new stake in Oshkosh during the 4th quarter worth about $1,995,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Oshkosh by 92.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,395 shares of the company’s stock valued at $2,138,000 after purchasing an additional 10,770 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Oshkosh by 38.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 122,800 shares of the company’s stock valued at $11,719,000 after purchasing an additional 34,325 shares during the period. Greenhaven Associates Inc. increased its holdings in shares of 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 purchasing an additional 11,100 shares during the period. Finally, Raymond James & Associates increased its holdings in shares of Oshkosh by 26.9% in the 4th quarter. Raymond James & Associates now owns 72,470 shares of the company’s stock valued at $7,856,000 after purchasing an additional 15,358 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

OSK has been the topic of a number of research reports. DA Davidson upgraded Oshkosh from a “neutral” rating to a “buy” rating and upped their target price for the company from $122.00 to $130.00 in a report on Friday, March 1st. Wells Fargo & Company boosted their price target on Oshkosh from $114.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. UBS Group boosted their price target on Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. The Goldman Sachs Group boosted their price target on Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Finally, TheStreet raised Oshkosh from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and an average target price of $120.25.

Insider Activity

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the transaction, the senior vice president now directly owns 13,499 shares in the company, valued at $1,503,518.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.58% of the stock is owned by company insiders.

Oshkosh Stock Performance

Oshkosh stock traded up $0.78 during trading hours on Wednesday, reaching $121.25. 517,431 shares of the company were exchanged, compared to its average volume of 492,385. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 1.52 and a beta of 1.29. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $117.17 and a 200 day moving average of $106.82. Oshkosh Co. has a 12 month low of $72.09 and a 12 month high of $127.98.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.32. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the business earned $1.60 earnings per share. Oshkosh’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts anticipate that Oshkosh Co. will post 10.33 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.52%. This is a boost from Oshkosh’s previous quarterly dividend of $0.41. The ex-dividend date was Wednesday, February 14th. Oshkosh’s dividend payout ratio is currently 20.26%.

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.