Commonwealth Equity Services LLC Sells 1,631 Shares of Oshkosh Co. (NYSE:OSK)

Commonwealth Equity Services LLC trimmed its holdings in shares of Oshkosh Co. (NYSE:OSK) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,941 shares of the company’s stock after selling 1,631 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Oshkosh were worth $2,751,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in OSK. Charles Schwab Investment Management Inc. raised its position in shares of Oshkosh by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock valued at $68,561,000 after buying an additional 4,974 shares in the last quarter. Cerity Partners LLC raised its position in Oshkosh by 32.9% during the third quarter. Cerity Partners LLC now owns 46,879 shares of the company’s stock valued at $4,698,000 after purchasing an additional 11,601 shares in the last quarter. Bank of Montreal Can lifted its stake in Oshkosh by 34.9% during the third quarter. Bank of Montreal Can now owns 33,691 shares of the company’s stock worth $3,376,000 after purchasing an additional 8,721 shares during the last quarter. FMR LLC lifted its stake in Oshkosh by 3.3% during the third quarter. FMR LLC now owns 1,223,891 shares of the company’s stock worth $122,646,000 after purchasing an additional 39,235 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Oshkosh in the 3rd quarter worth about $4,778,000. 92.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on OSK shares. JPMorgan Chase & Co. dropped their target price on Oshkosh from $127.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. The Goldman Sachs Group lowered their price objective on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. UBS Group upped 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. Raymond James lifted their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Morgan Stanley upped their price target on shares of Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $124.38.

Oshkosh Price Performance

Shares of OSK stock opened at $98.04 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The firm has a market cap of $6.33 billion, a P/E ratio of 9.47, a P/E/G ratio of 1.45 and a beta of 1.21. The business’s 50 day moving average price is $101.78 and its 200-day moving average price is $102.30. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share (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%. On average, equities research analysts anticipate that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.08%. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh’s payout ratio is presently 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.