Oshkosh Co. (NYSE:OSK) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its position in shares of Oshkosh Co. (NYSE:OSK) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,342 shares of the company’s stock after selling 4,669 shares during the period. HighTower Advisors LLC’s holdings in Oshkosh were worth $10,205,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OSK. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Oshkosh during the 4th quarter worth $23,285,000. BNP Paribas Financial Markets increased its holdings in shares of 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. Raymond James Financial Inc. acquired a new stake in shares of Oshkosh during the 4th quarter worth $8,467,000. Assenagon Asset Management S.A. boosted its position in Oshkosh by 29.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company’s stock worth $29,675,000 after purchasing an additional 71,911 shares during the period. Finally, Edgestream Partners L.P. boosted its position in Oshkosh by 704.3% during the 3rd quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock worth $6,817,000 after purchasing an additional 59,566 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OSK. Citigroup decreased 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. Raymond James upped their price target on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Morgan Stanley upped their price target on shares of Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. UBS Group upped their price target on shares of Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $125.92.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $95.77 on Monday. The firm has a market cap of $6.18 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The firm’s 50-day simple moving average is $100.97 and its 200-day simple moving average is $102.62. 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 1 year low of $89.08 and a 1 year high of $127.98.

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

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Friday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio is 19.71%.

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.