Baker Ellis Asset Management LLC Lowers Stock Position in Oshkosh Co. (NYSE:OSK)

Baker Ellis Asset Management LLC lowered its position in Oshkosh Co. (NYSE:OSK) by 7.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 34,357 shares of the company’s stock after selling 2,735 shares during the period. Baker Ellis Asset Management LLC’s holdings in Oshkosh were worth $3,266,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in OSK. Mercer Global Advisors Inc. ADV purchased a new stake in Oshkosh during the second quarter worth about $230,000. AE Wealth Management LLC increased its holdings in Oshkosh by 7.3% during the second quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock worth $202,000 after buying an additional 127 shares during the last quarter. Gabelli Funds LLC purchased a new stake in Oshkosh during the second quarter worth about $1,298,000. Bank of Montreal Can increased its holdings in Oshkosh by 71.8% during the second quarter. Bank of Montreal Can now owns 24,970 shares of the company’s stock worth $2,702,000 after buying an additional 10,438 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Oshkosh during the second quarter worth about $281,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on OSK shares. UBS Group decreased their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Citigroup cut their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. cut their target price on shares of Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Truist Financial cut their target price on shares of Oshkosh from $116.00 to $109.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Finally, Robert W. Baird cut their target price 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $121.77.

Oshkosh Price Performance

OSK stock opened at $96.10 on Thursday. The firm has a 50 day moving average of $100.86 and a 200-day moving average of $103.26. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a 12 month low of $89.08 and a 12 month high of $127.98. The firm has a market capitalization of $6.25 billion, a P/E ratio of 9.33, a price-to-earnings-growth ratio of 1.03 and a beta of 1.21.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. As a group, sell-side analysts predict that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

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 was Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.91%. Oshkosh’s payout ratio is presently 17.86%.

About Oshkosh

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.