Steward Partners Investment Advisory LLC Sells 14,475 Shares of Oshkosh Co. (NYSE:OSK)

Steward Partners Investment Advisory LLC reduced its stake in Oshkosh Co. (NYSE:OSK) by 77.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,104 shares of the company’s stock after selling 14,475 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Oshkosh were worth $390,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its stake in shares of Oshkosh by 233.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,282 shares of the company’s stock worth $122,000 after purchasing an additional 898 shares during the period. Smartleaf Asset Management LLC grew its holdings in Oshkosh by 816.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,549 shares of the company’s stock valued at $146,000 after purchasing an additional 1,380 shares during the last quarter. Levin Capital Strategies L.P. bought a new position in Oshkosh during the 4th quarter valued at about $951,000. Fortress Financial Group LLC bought a new position in Oshkosh during the 4th quarter valued at about $206,000. Finally, Proficio Capital Partners LLC bought a new position in Oshkosh in the 4th quarter worth about $34,000. 92.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on OSK. Evercore ISI upped their target price on shares of Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Bank of America increased their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. UBS Group increased their price objective on shares of Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Truist Financial increased their price objective on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Finally, Raymond James increased their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $125.92.

Oshkosh Trading Down 0.6 %

NYSE:OSK opened at $95.03 on Friday. Oshkosh Co. has a 52 week low of $89.08 and a 52 week high of $127.98. The firm has a 50 day moving average of $100.91 and a 200 day moving average of $102.81. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 1.45 and a beta of 1.21.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. As a group, sell-side analysts anticipate 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. Shareholders of record on Monday, February 17th were issued a $0.51 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.15%. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio (DPR) is currently 19.71%.

About Oshkosh

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.