Vanguard Group Inc. Sells 223,815 Shares of Oshkosh Corporation $OSK

Vanguard Group Inc. trimmed its position in Oshkosh Corporation (NYSE:OSK) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,957,304 shares of the company’s stock after selling 223,815 shares during the quarter. Vanguard Group Inc. owned 0.13% of Oshkosh worth $1,032,062,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Keybank National Association OH bought a new stake in shares of Oshkosh during the 3rd quarter worth approximately $422,000. Mutual Advisors LLC bought a new position in Oshkosh in the third quarter valued at approximately $849,000. Peterson Wealth Services raised its position in Oshkosh by 3,459.5% during the third quarter. Peterson Wealth Services now owns 56,952 shares of the company’s stock valued at $7,387,000 after purchasing an additional 55,352 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in Oshkosh during the third quarter worth $1,162,000. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Oshkosh in the 3rd quarter valued at $1,399,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OSK. Wall Street Zen upgraded Oshkosh from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America raised Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 target price for the company in a research note on Tuesday, February 3rd. UBS Group restated a “buy” rating and issued a $167.00 price target on shares of Oshkosh in a research note on Friday, January 30th. Sanford C. Bernstein upped their price objective on shares of Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, December 19th. Finally, Argus dropped their price objective on shares of Oshkosh from $175.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Twelve equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $159.60.

Oshkosh Stock Performance

Oshkosh stock opened at $175.80 on Friday. The business has a 50 day moving average of $148.96 and a 200-day moving average of $137.96. The company has a market capitalization of $11.00 billion, a P/E ratio of 17.54, a P/E/G ratio of 0.89 and a beta of 1.43. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $180.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the firm earned $2.58 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.57 dividend. The ex-dividend date is Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 dividend on an annualized basis and a yield of 1.3%. Oshkosh’s dividend payout ratio (DPR) is currently 22.75%.

Oshkosh Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.