American International Group Inc. Sells 3,645 Shares of Oshkosh Co. (NYSE:OSK)

American International Group Inc. trimmed its position in shares of Oshkosh Co. (NYSE:OSK) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,357 shares of the company’s stock after selling 3,645 shares during the period. American International Group Inc. owned about 0.14% of Oshkosh worth $9,579,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in OSK. Venturi Wealth Management LLC grew its holdings in Oshkosh by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after purchasing an additional 111 shares during the last quarter. GAMMA Investing LLC bought a new position in Oshkosh during the 4th quarter valued at about $42,000. Principal Securities Inc. bought a new position in Oshkosh during the 4th quarter valued at about $74,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Oshkosh in the 4th quarter valued at about $79,000. Finally, International Assets Investment Management LLC grew its stake in Oshkosh by 10,744.4% in the 4th quarter. International Assets Investment Management LLC now owns 976 shares of the company’s stock worth $106,000 after acquiring an additional 967 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Trading Down 0.3 %

NYSE OSK opened at $105.88 on Wednesday. The company has a fifty day simple moving average of $115.93 and a two-hundred day simple moving average of $112.56. The stock has a market cap of $6.92 billion, a P/E ratio of 10.13, a P/E/G ratio of 1.03 and a beta of 1.26. Oshkosh Co. has a 12-month low of $80.07 and a 12-month high of $127.98. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the company posted $1.59 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. On average, analysts forecast that Oshkosh Co. will post 11.17 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.84 annualized dividend and a dividend yield of 1.74%. Oshkosh’s dividend payout ratio (DPR) is presently 17.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Robert W. Baird upped their target price on shares of Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Truist Financial upped their target price on shares of Oshkosh from $121.00 to $132.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Stifel Nicolaus increased their price objective on shares of Oshkosh from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Oshkosh currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.94.

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.