Oshkosh Corporation $OSK Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC decreased its position in Oshkosh Corporation (NYSE:OSK) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,698 shares of the company’s stock after selling 5,741 shares during the period. Wedge Capital Management L L P NC’s holdings in Oshkosh were worth $10,138,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in OSK. Harbor Capital Advisors Inc. acquired a new stake in Oshkosh in the third quarter valued at about $26,000. Blue Trust Inc. boosted its holdings in Oshkosh by 471.1% in the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after purchasing an additional 179 shares in the last quarter. SJS Investment Consulting Inc. increased its position in Oshkosh by 3,014.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after purchasing an additional 211 shares during the period. Abich Financial Wealth Management LLC purchased a new position in shares of Oshkosh during the 3rd quarter worth approximately $29,000. Finally, Root Financial Partners LLC purchased a new position in shares of Oshkosh during the 3rd quarter worth approximately $35,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. DA Davidson lifted their price target on Oshkosh from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Citigroup raised their target price on Oshkosh from $170.00 to $180.00 and gave the company a “buy” rating in a report on Monday, March 9th. Bank of America upgraded shares of Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 target price on the stock in a research report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $145.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and a consensus price target of $165.31.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the transaction, the senior vice president owned 13,577 shares of the company’s stock, valued at approximately $2,295,463.39. This trade represents a 22.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.55% of the company’s stock.

Oshkosh Stock Performance

Shares of OSK opened at $140.19 on Friday. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $180.49. The stock has a market cap of $8.77 billion, a P/E ratio of 13.99, a PEG ratio of 0.72 and a beta of 1.37. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $158.71 and a two-hundred day moving average of $140.94.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the company earned $2.58 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.57 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.6%. Oshkosh’s payout ratio is currently 22.75%.

Oshkosh Company 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.