Oshkosh Co. (NYSE:OSK) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its stake in Oshkosh Co. (NYSE:OSK) by 31.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,836 shares of the company’s stock after selling 14,840 shares during the quarter. Quantbot Technologies LP’s holdings in Oshkosh were worth $3,122,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Semanteon Capital Management LP grew its holdings in shares of Oshkosh by 29.1% in the 4th quarter. Semanteon Capital Management LP now owns 14,820 shares of the company’s stock worth $1,409,000 after acquiring an additional 3,342 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Oshkosh by 18.4% in the fourth quarter. Teacher Retirement System of Texas now owns 20,934 shares of the company’s stock worth $1,990,000 after buying an additional 3,259 shares during the period. Xponance Inc. raised its position in Oshkosh by 7.7% during the fourth quarter. Xponance Inc. now owns 7,572 shares of the company’s stock valued at $720,000 after buying an additional 540 shares during the period. Advisors Asset Management Inc. raised its position in Oshkosh by 9.7% during the fourth quarter. Advisors Asset Management Inc. now owns 54,968 shares of the company’s stock valued at $5,226,000 after buying an additional 4,846 shares during the period. Finally, Delphi Management Inc. MA raised its position in Oshkosh by 4.8% during the fourth quarter. Delphi Management Inc. MA now owns 14,288 shares of the company’s stock valued at $1,358,000 after buying an additional 652 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OSK has been the topic of several recent analyst reports. Raymond James upped their price target on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Morgan Stanley upped their price target on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Evercore ISI upped their price target on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. UBS Group upped their price target on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Bank of America upped their price target on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Oshkosh presently has an average rating of “Hold” and an average price target of $124.38.

Oshkosh Stock Performance

OSK opened at $95.75 on Friday. The company has a market cap of $6.18 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The stock has a 50-day moving average of $101.44 and a 200-day moving average of $102.31. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. As a group, equities research analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Friday, February 14th. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio is 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.