Retirement Systems of Alabama Sells 1,656 Shares of Oshkosh Co. (NYSE:OSK)

Retirement Systems of Alabama lessened its position in Oshkosh Co. (NYSE:OSK) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 79,064 shares of the company’s stock after selling 1,656 shares during the quarter. Retirement Systems of Alabama’s holdings in Oshkosh were worth $7,923,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. AE Wealth Management LLC increased its stake in shares of Oshkosh by 7.3% in the 2nd quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock worth $202,000 after acquiring an additional 127 shares in the last quarter. KBC Group NV increased its stake in shares of Oshkosh by 15.2% during the third quarter. KBC Group NV now owns 1,666 shares of the company’s stock valued at $167,000 after purchasing an additional 220 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Oshkosh by 1.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 22,615 shares of the company’s stock valued at $2,447,000 after purchasing an additional 235 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Oshkosh during the third quarter valued at approximately $25,000. Finally, ABLE Financial Group LLC boosted its position in shares of Oshkosh by 4.6% in the 2nd quarter. ABLE Financial Group LLC now owns 5,635 shares of the company’s stock worth $610,000 after purchasing an additional 249 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on OSK shares. UBS Group dropped their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. upped their price target on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Robert W. Baird cut their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Truist Financial decreased their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $122.86.

Oshkosh Stock Performance

Shares of OSK opened at $97.71 on Wednesday. The firm has a market capitalization of $6.36 billion, a P/E ratio of 9.49, a PEG ratio of 0.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh Co. has a one year low of $93.34 and a one year high of $127.98. The business has a fifty day moving average of $107.27 and a 200 day moving average of $105.66.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. As a group, sell-side analysts anticipate that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s payout ratio is 17.86%.

Oshkosh Company 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.