Amundi Reduces Stake in Oshkosh Co. (NYSE:OSK)

Amundi cut its holdings in shares of Oshkosh Co. (NYSE:OSK) by 69.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,364 shares of the company’s stock after selling 35,222 shares during the quarter. Amundi’s holdings in Oshkosh were worth $1,415,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in OSK. Blue Trust Inc. increased its stake in shares of Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after acquiring an additional 138 shares during the period. Carolina Wealth Advisors LLC raised its stake in shares of Oshkosh by 2.5% during the 4th quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company’s stock valued at $576,000 after buying an additional 146 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Oshkosh by 4.0% in the 4th quarter. Private Advisor Group LLC now owns 3,923 shares of the company’s stock valued at $373,000 after buying an additional 152 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after buying an additional 157 shares during the last quarter. Finally, Manchester Capital Management LLC grew its holdings in Oshkosh by 11.1% during the fourth quarter. Manchester Capital Management LLC now owns 2,143 shares of the company’s stock worth $204,000 after acquiring an additional 214 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Trading Down 1.5 %

Shares of OSK stock opened at $95.53 on Wednesday. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The firm has a market capitalization of $6.16 billion, a P/E ratio of 9.23, a PEG ratio of 1.45 and a beta of 1.21. The stock’s fifty day moving average is $101.11 and its two-hundred day moving average is $102.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping 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%. Research analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.51 per share. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 2.14%. Oshkosh’s dividend payout ratio (DPR) is presently 19.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OSK shares. Morgan Stanley boosted their price target on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Raymond James increased their price target on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. KeyCorp lifted their price objective on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a report on Friday, January 31st. UBS Group increased their target price on shares of Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Citigroup reduced their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Oshkosh currently has a consensus rating of “Hold” and a consensus target price of $125.08.

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.