Callan Capital LLC Sells 395 Shares of Oshkosh Co. (NYSE:OSK)

Callan Capital LLC lessened its holdings in Oshkosh Co. (NYSE:OSK) by 11.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,129 shares of the company’s stock after selling 395 shares during the period. Callan Capital LLC’s holdings in Oshkosh were worth $297,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in OSK. Raymond James & Associates raised its holdings in Oshkosh by 2.0% in the 3rd quarter. Raymond James & Associates now owns 77,269 shares of the company’s stock valued at $7,743,000 after buying an additional 1,537 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Oshkosh by 3.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 23,412 shares of the company’s stock worth $2,346,000 after purchasing an additional 797 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings in Oshkosh by 34.0% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,904 shares of the company’s stock worth $291,000 after purchasing an additional 737 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Oshkosh by 9,922.2% during the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock worth $90,000 after purchasing an additional 893 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Oshkosh by 3,329.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock worth $24,073,000 after purchasing an additional 233,218 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

OSK has been the subject of several analyst reports. Bank of America raised their price target on shares of Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. Citigroup lowered their price target on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. KeyCorp raised their price target on shares of Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Raymond James lifted their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Morgan Stanley lifted their price objective on shares of Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.23.

Oshkosh Stock Performance

NYSE OSK opened at $103.18 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. The company has a market cap of $6.71 billion, a P/E ratio of 9.97, a PEG ratio of 1.45 and a beta of 1.23. The company has a fifty day simple moving average of $99.95 and a 200 day simple moving average of $103.10. Oshkosh Co. has a 12-month low of $89.08 and a 12-month high of $127.98.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data 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%. Sell-side analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 14th. Oshkosh’s payout ratio is presently 19.71%.

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.