Shell Asset Management Co. Lowers Stock Position in Oshkosh Co. (NYSE:OSK)

Shell Asset Management Co. reduced its stake in shares of Oshkosh Co. (NYSE:OSK) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,432 shares of the company’s stock after selling 185 shares during the period. Shell Asset Management Co.’s holdings in Oshkosh were worth $677,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Oshkosh by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock valued at $978,797,000 after buying an additional 718,122 shares in the last quarter. LSV Asset Management lifted its position in shares of Oshkosh by 5.5% during the 1st quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock valued at $243,274,000 after buying an additional 102,330 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Oshkosh by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,710 shares of the company’s stock valued at $189,473,000 after buying an additional 122,786 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Oshkosh by 2.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 884,797 shares of the company’s stock valued at $110,484,000 after buying an additional 21,063 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Oshkosh during the 4th quarter valued at about $83,524,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OSK. Robert W. Baird lifted their target price on Oshkosh from $158.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. JPMorgan Chase & Co. reduced their price objective on Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Truist Financial reduced their price objective on Oshkosh from $132.00 to $123.00 and set a “hold” rating on the stock in a research note on Tuesday, July 2nd. Jefferies Financial Group reduced their price objective on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Finally, StockNews.com downgraded Oshkosh from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Oshkosh has a consensus rating of “Hold” and a consensus target price of $124.82.

Oshkosh Trading Up 2.1 %

Shares of NYSE:OSK opened at $116.02 on Friday. The business’s 50-day moving average is $109.39 and its 200 day moving average is $113.02. Oshkosh Co. has a 1 year low of $86.10 and a 1 year high of $127.98. The firm has a market capitalization of $7.59 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.14 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.63. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the company posted $1.59 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts predict that Oshkosh Co. will post 11.21 earnings per share for the current fiscal year.

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.