Vanguard Personalized Indexing Management LLC Cuts Stock Position in Oshkosh Co. (NYSE:OSK)

Vanguard Personalized Indexing Management LLC cut its holdings in shares of Oshkosh Co. (NYSE:OSK) by 13.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,561 shares of the company’s stock after selling 1,663 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Oshkosh were worth $1,143,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. raised its stake in Oshkosh by 408.8% in the 4th quarter. Franklin Resources Inc. now owns 64,407 shares of the company’s stock valued at $6,982,000 after acquiring an additional 51,748 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Oshkosh during the 2nd quarter valued at approximately $1,500,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Oshkosh in the 1st quarter worth approximately $1,507,000. M&G Plc purchased a new position in Oshkosh in the 1st quarter valued at approximately $15,102,000. Finally, Cetera Investment Advisers lifted its position in shares of Oshkosh by 772.9% during the first quarter. Cetera Investment Advisers now owns 27,409 shares of the company’s stock worth $3,418,000 after acquiring an additional 24,269 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Price Performance

NYSE:OSK opened at $100.55 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. The business has a 50 day simple moving average of $104.56 and a 200-day simple moving average of $111.25. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 0.97 and a beta of 1.19. Oshkosh Co. has a 1 year low of $86.10 and a 1 year high of $127.98.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.34. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.69 earnings per share. Equities analysts forecast that Oshkosh Co. will post 11.7 EPS for the current year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.84 annualized dividend and a dividend yield of 1.83%. Oshkosh’s dividend payout ratio is currently 17.61%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Jefferies Financial Group reduced their target price on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Raymond James began coverage on shares of Oshkosh in a research note on Friday, June 28th. They set an “outperform” rating and a $125.00 price objective for the company. Stifel Nicolaus lowered their target price on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Citigroup began coverage on shares of Oshkosh in a report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 price target for the company. Finally, Evercore ISI decreased their price target on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.