Oshkosh Co. (NYSE:OSK) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its position in Oshkosh Co. (NYSE:OSK) by 11.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,615,544 shares of the company’s stock after selling 211,500 shares during the period. LSV Asset Management’s holdings in Oshkosh were worth $153,590,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of OSK. Blue Trust Inc. boosted its stake in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares during the period. Hager Investment Management Services LLC bought a new stake in Oshkosh during the fourth quarter worth approximately $32,000. Proficio Capital Partners LLC bought a new position in shares of Oshkosh in the fourth quarter valued at $34,000. V Square Quantitative Management LLC increased its holdings in shares of Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after buying an additional 157 shares in the last quarter. Finally, Twin Tree Management LP bought a new position in shares of Oshkosh in the fourth quarter valued at $41,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Performance

Shares of OSK stock opened at $89.08 on Thursday. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 1.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The company has a 50-day simple moving average of $99.21 and a 200 day simple moving average of $101.28. Oshkosh Co. has a 52 week low of $76.82 and a 52 week high of $125.08.

Oshkosh (NYSE:OSK) last issued its earnings results 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, sell-side analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current 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 issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.29%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh’s payout ratio is presently 19.71%.

Analyst Ratings Changes

OSK has been the topic of several recent analyst reports. The Goldman Sachs Group cut their target price on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. UBS Group decreased their price objective on shares of Oshkosh from $137.00 to $97.00 and set a “buy” rating for the company in a report on Monday. Evercore ISI boosted their target price on shares of Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Citigroup cut their target price on shares of Oshkosh from $130.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Truist Financial cut their price objective on shares of Oshkosh from $118.00 to $94.00 and set a “hold” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $117.38.

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.