State of New Jersey Common Pension Fund D Sells 7,796 Shares of Oshkosh Co. (NYSE:OSK)

State of New Jersey Common Pension Fund D reduced its holdings in shares of Oshkosh Co. (NYSE:OSK) by 24.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,655 shares of the company’s stock after selling 7,796 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Oshkosh were worth $2,668,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Valley National Advisers Inc. lifted its holdings in Oshkosh by 18.2% during the first quarter. Valley National Advisers Inc. now owns 623 shares of the company’s stock worth $77,000 after acquiring an additional 96 shares during the period. US Bancorp DE lifted its holdings in Oshkosh by 3.0% during the first quarter. US Bancorp DE now owns 4,522 shares of the company’s stock worth $564,000 after acquiring an additional 132 shares during the period. Atlas Capital Advisors LLC lifted its holdings in Oshkosh by 161.6% during the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after acquiring an additional 139 shares during the period. GAMMA Investing LLC increased its position in Oshkosh by 26.2% in the second quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock worth $79,000 after buying an additional 152 shares during the last quarter. Finally, NorthRock Partners LLC increased its position in Oshkosh by 6.0% in the first quarter. NorthRock Partners LLC now owns 2,735 shares of the company’s stock worth $341,000 after buying an additional 155 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Price Performance

Oshkosh stock opened at $105.23 on Thursday. Oshkosh Co. has a 52 week low of $86.10 and a 52 week high of $127.98. The business has a 50-day simple moving average of $104.76 and a 200 day simple moving average of $111.42. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 0.93 and a beta of 1.19.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping the consensus estimate of $3.00 by $0.34. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the previous year, the business earned $2.69 earnings per share. The firm’s revenue was up 18.0% on a year-over-year basis. On average, research analysts forecast that Oshkosh Co. will post 11.66 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Friday, August 16th. Oshkosh’s dividend payout ratio (DPR) is currently 17.61%.

Analysts Set New Price Targets

A number of research firms have issued reports on OSK. Evercore ISI decreased their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Bank of America raised their target price on Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. decreased their target price on Oshkosh from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Jefferies Financial Group decreased their target price on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Finally, Raymond James began coverage on Oshkosh in a research report on Friday, June 28th. They issued an “outperform” rating and a $125.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $125.79.

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.