Tyers Asset Management LLC trimmed its stake in shares of Oshkosh Co. (NYSE:OSK) by 48.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,144 shares of the company’s stock after selling 17,080 shares during the quarter. Tyers Asset Management LLC’s holdings in Oshkosh were worth $1,402,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sigma Planning Corp bought a new position in Oshkosh during the 4th quarter valued at $1,884,000. Bain Capital Public Equity Management LLC bought a new position in Oshkosh during the 4th quarter valued at $12,731,000. New Mexico Educational Retirement Board bought a new position in Oshkosh during the 4th quarter valued at $1,681,000. Itau Unibanco Holding S.A. boosted its stake in Oshkosh by 11.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 6,442 shares of the company’s stock valued at $586,000 after acquiring an additional 646 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in Oshkosh during the 4th quarter valued at $5,453,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.
OSK stock opened at $77.20 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.05 and a current ratio of 1.81. Oshkosh Co. has a fifty-two week low of $62.68 and a fifty-two week high of $100.26. The stock has a market capitalization of $5.65 billion, a P/E ratio of 18.16, a PEG ratio of 0.73 and a beta of 1.60.
Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, April 26th. The company reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.46. Oshkosh had a net margin of 5.21% and a return on equity of 18.63%. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the company earned $0.76 EPS. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. research analysts forecast that Oshkosh Co. will post 5.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 29th. Investors of record on Monday, May 14th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, May 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.24%. Oshkosh’s dividend payout ratio (DPR) is presently 22.59%.
A number of research analysts have commented on the stock. ValuEngine downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Evercore ISI upgraded shares of Oshkosh from an “in-line” rating to an “outperform” rating in a research report on Friday, February 9th. Stifel Nicolaus raised their price target on shares of Oshkosh from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. KeyCorp restated a “buy” rating and issued a $104.00 price target on shares of Oshkosh in a research report on Friday, January 26th. Finally, Zacks Investment Research upgraded shares of Oshkosh from a “hold” rating to a “strong-buy” rating and set a $82.00 price target on the stock in a research report on Thursday, May 3rd. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $93.23.
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation; and chassis and service parts sales.
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