Oshkosh Co. (NYSE:OSK) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lowered its holdings in shares of Oshkosh Co. (NYSE:OSK) by 17.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,900 shares of the company’s stock after selling 2,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Oshkosh were worth $1,130,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in OSK. GHP Investment Advisors Inc. raised its stake in shares of Oshkosh by 4.9% during the fourth quarter. GHP Investment Advisors Inc. now owns 32,597 shares of the company’s stock valued at $3,099,000 after purchasing an additional 1,511 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of Oshkosh during the 4th quarter worth about $753,000. State of Alaska Department of Revenue lifted its stake in shares of Oshkosh by 181.7% in the 4th quarter. State of Alaska Department of Revenue now owns 21,420 shares of the company’s stock worth $2,035,000 after acquiring an additional 13,815 shares during the period. Hager Investment Management Services LLC bought a new position in shares of Oshkosh in the fourth quarter valued at approximately $32,000. Finally, Verity Asset Management Inc. acquired a new position in shares of Oshkosh during the fourth quarter valued at approximately $234,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Up 0.8 %

Shares of Oshkosh stock opened at $111.54 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 1 year low of $89.08 and a 1 year high of $127.98. The stock has a 50-day moving average price of $99.64 and a 200 day moving average price of $103.12. The company has a market cap of $7.26 billion, a P/E ratio of 10.78, a P/E/G ratio of 1.97 and a beta of 1.22.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. As a group, analysts expect that Oshkosh Co. will post 11 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be paid a $0.51 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.83%. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s payout ratio is 17.78%.

Wall Street Analysts Forecast Growth

OSK has been the subject of a number of research analyst reports. Robert W. Baird cut their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Morgan Stanley boosted their price target on shares of Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Monday. KeyCorp raised their price objective on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, Truist Financial raised their target price on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.00.

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.