Oshkosh Co. (NYSE:OSK) Shares Sold by Whittier Trust Co.

Whittier Trust Co. trimmed its stake in Oshkosh Co. (NYSE:OSKFree Report) by 29.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 620 shares of the company’s stock after selling 259 shares during the quarter. Whittier Trust Co.’s holdings in Oshkosh were worth $67,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Oshkosh by 3.6% in the 2nd quarter. Geode Capital Management LLC now owns 954,981 shares of the company’s stock worth $82,692,000 after acquiring an additional 33,470 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Oshkosh by 92.6% during the third 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 buying an additional 10,770 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Oshkosh by 38.8% during the third quarter. Envestnet Asset Management Inc. now owns 122,800 shares of the company’s stock valued at $11,719,000 after buying an additional 34,325 shares in the last quarter. Greenhaven Associates Inc. grew its holdings in shares of Oshkosh by 0.5% during the fourth quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company’s stock valued at $267,750,000 after buying an additional 11,100 shares in the last quarter. Finally, LSV Asset Management grew its holdings in shares of Oshkosh by 10.9% during the third quarter. LSV Asset Management now owns 361,988 shares of the company’s stock valued at $34,545,000 after buying an additional 35,488 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 13,499 shares in the company, valued at approximately $1,503,518.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is owned by corporate insiders.

Oshkosh Trading Up 0.1 %

Shares of OSK opened at $120.34 on Wednesday. Oshkosh Co. has a 12-month low of $72.09 and a 12-month high of $121.87. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 1.56 and a beta of 1.28. The stock’s 50-day moving average price is $111.95 and its 200 day moving average price is $103.04.

Oshkosh (NYSE:OSKGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share (EPS) 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 firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the company posted $1.60 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, research analysts predict that Oshkosh Co. will post 10.3 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.41. This represents a $1.84 dividend on an annualized basis and a yield of 1.53%. Oshkosh’s dividend payout ratio is 20.26%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OSK. Evercore ISI lifted their price target on Oshkosh from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. TheStreet upgraded Oshkosh from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Citigroup lifted their price target on Oshkosh from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. The Goldman Sachs Group lifted their price objective on Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Finally, UBS Group lifted their price objective on Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.94.

Check Out Our Latest Report on Oshkosh

Oshkosh Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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