Oshkosh Co. (NYSE:OSK) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lowered its holdings in Oshkosh Co. (NYSE:OSK) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,255 shares of the company’s stock after selling 341 shares during the period. Arizona State Retirement System’s holdings in Oshkosh were worth $1,979,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of OSK. Norges Bank purchased a new stake in shares of Oshkosh in the fourth quarter valued at $59,227,000. Alliancebernstein L.P. lifted its holdings in shares of Oshkosh by 53.1% in the second quarter. Alliancebernstein L.P. now owns 1,347,946 shares of the company’s stock valued at $116,719,000 after purchasing an additional 467,476 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Oshkosh by 4.7% in the first quarter. BlackRock Inc. now owns 6,039,602 shares of the company’s stock valued at $502,374,000 after purchasing an additional 272,691 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Oshkosh by 1,374.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 257,142 shares of the company’s stock valued at $27,877,000 after purchasing an additional 239,707 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Oshkosh by 155.6% in the third quarter. Qube Research & Technologies Ltd now owns 335,603 shares of the company’s stock valued at $32,027,000 after purchasing an additional 204,278 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Down 0.5 %

Oshkosh stock opened at $123.61 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.76. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 1.62 and a beta of 1.29. Oshkosh Co. has a one year low of $72.09 and a one year high of $127.98. The company’s fifty day moving average price is $115.74 and its two-hundred day moving average price is $105.14.

Oshkosh (NYSE:OSK) last posted its earnings results on Tuesday, January 30th. The company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.24 by $0.32. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.46 billion. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.60 earnings per share. On average, analysts forecast that Oshkosh Co. will post 10.32 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a $0.46 dividend. This is an increase from Oshkosh’s previous quarterly dividend of $0.41. This represents a $1.84 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Wednesday, February 14th. Oshkosh’s dividend payout ratio (DPR) is currently 20.26%.

Insider Activity

In other news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the sale, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Oshkosh from $114.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Morgan Stanley assumed coverage on shares of Oshkosh in a research note on Monday, January 8th. They issued an “equal weight” rating and a $102.00 price target on the stock. The Goldman Sachs Group upped their price target on shares of Oshkosh from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. TheStreet raised shares of Oshkosh from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Finally, StockNews.com raised shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $117.94.

Oshkosh 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.