MetLife Investment Management LLC Decreases Stock Holdings in Oshkosh Co. (NYSE:OSK)

MetLife Investment Management LLC reduced its position in shares of Oshkosh Co. (NYSE:OSK) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,641 shares of the company’s stock after selling 794 shares during the period. MetLife Investment Management LLC owned about 0.05% of Oshkosh worth $3,371,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in Oshkosh by 6.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,550 shares of the company’s stock valued at $3,936,000 after acquiring an additional 2,048 shares during the last quarter. Tidal Investments LLC lifted its position in Oshkosh by 21.7% in the first quarter. Tidal Investments LLC now owns 5,567 shares of the company’s stock valued at $694,000 after acquiring an additional 991 shares during the last quarter. Cetera Investment Advisers lifted its position in Oshkosh by 772.9% in the first quarter. Cetera Investment Advisers now owns 27,409 shares of the company’s stock valued at $3,418,000 after acquiring an additional 24,269 shares during the last quarter. GAMMA Investing LLC lifted its position in Oshkosh by 26.2% in the second quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock valued at $79,000 after acquiring an additional 152 shares during the last quarter. Finally, CWM LLC lifted its position in Oshkosh by 36.2% in the second quarter. CWM LLC now owns 5,644 shares of the company’s stock valued at $611,000 after acquiring an additional 1,500 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on OSK. Robert W. Baird reduced their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Evercore ISI dropped their price objective on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, Truist Financial dropped their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $123.14.

Oshkosh Trading Up 0.4 %

Shares of Oshkosh stock opened at $112.55 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The company’s 50-day simple moving average is $106.28 and its 200-day simple moving average is $106.48. Oshkosh Co. has a 52-week low of $93.34 and a 52-week high of $127.98. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 1.10 and a beta of 1.19.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. As a group, equities research analysts anticipate that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.63%. Oshkosh’s payout ratio is currently 17.86%.

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.