Shell Asset Management Co. Sells 3,290 Shares of Oshkosh Corporation $OSK

Shell Asset Management Co. lessened its holdings in Oshkosh Corporation (NYSE:OSK) by 60.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,187 shares of the company’s stock after selling 3,290 shares during the quarter. Shell Asset Management Co.’s holdings in Oshkosh were worth $284,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in OSK. American Century Companies Inc. boosted its stake in shares of Oshkosh by 22.8% during the 2nd quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock worth $324,587,000 after buying an additional 529,907 shares during the last quarter. LSV Asset Management boosted its position in Oshkosh by 1.7% during the third quarter. LSV Asset Management now owns 1,895,825 shares of the company’s stock valued at $245,889,000 after purchasing an additional 31,401 shares during the last quarter. AQR Capital Management LLC grew its stake in Oshkosh by 25.4% in the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after purchasing an additional 345,782 shares in the last quarter. Bank of America Corp DE grew its stake in Oshkosh by 2.4% in the second quarter. Bank of America Corp DE now owns 1,090,142 shares of the company’s stock valued at $123,775,000 after purchasing an additional 25,125 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Oshkosh during the 2nd quarter worth approximately $98,570,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

NYSE:OSK opened at $168.44 on Wednesday. The stock has a 50 day simple moving average of $146.57 and a 200 day simple moving average of $137.23. The stock has a market cap of $10.65 billion, a P/E ratio of 16.81, a PEG ratio of 0.87 and a beta of 1.43. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $180.49. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the previous year, the business earned $2.58 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. Research analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a $0.57 dividend. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, February 17th. This represents a $2.28 annualized dividend and a yield of 1.4%. Oshkosh’s dividend payout ratio is presently 20.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Oshkosh from $144.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Robert W. Baird set a $182.00 price objective on shares of Oshkosh in a research note on Friday, January 30th. Zacks Research cut shares of Oshkosh from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. UBS Group reiterated a “buy” rating and set a $167.00 price target on shares of Oshkosh in a report on Friday, January 30th. Finally, Sanford C. Bernstein boosted their price target on Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, December 19th. Twelve research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $159.60.

Oshkosh Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.