Renaissance Technologies LLC Sells 84,700 Shares of Oshkosh Co. (NYSE:OSK)

Renaissance Technologies LLC lowered its position in Oshkosh Co. (NYSE:OSK) by 68.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 38,600 shares of the company’s stock after selling 84,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Oshkosh were worth $3,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Barclays PLC grew its holdings in Oshkosh by 40.9% during the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after purchasing an additional 32,435 shares during the period. Virtu Financial LLC bought a new position in shares of Oshkosh during the 3rd quarter worth approximately $504,000. Tidal Investments LLC increased its holdings in shares of Oshkosh by 8.3% during the 3rd quarter. Tidal Investments LLC now owns 10,841 shares of the company’s stock worth $1,086,000 after acquiring an additional 827 shares during the last quarter. Synovus Financial Corp raised its stake in Oshkosh by 10.5% in the 3rd quarter. Synovus Financial Corp now owns 30,251 shares of the company’s stock valued at $3,031,000 after acquiring an additional 2,865 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in Oshkosh during the 3rd quarter valued at $532,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OSK has been the topic of several research analyst reports. 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 report on Monday, February 10th. Raymond James lifted their price target on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. The Goldman Sachs Group decreased their price objective on Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. JPMorgan Chase & Co. decreased their price target on shares of Oshkosh from $117.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, KeyCorp lowered their target price on shares of Oshkosh from $132.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Oshkosh has an average rating of “Hold” and an average target price of $114.62.

Oshkosh Price Performance

OSK opened at $83.40 on Wednesday. The firm has a 50-day moving average price of $94.53 and a 200-day moving average price of $100.32. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a twelve month low of $76.82 and a twelve month high of $125.00. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 1.45 and a beta of 1.26.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Equities analysts expect that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently declared 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 represents a $2.04 annualized dividend and a yield of 2.45%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh’s dividend payout ratio (DPR) is presently 19.71%.

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.