Mutual of America Capital Management LLC Sells 17,724 Shares of Oshkosh Co. (NYSE:OSK)

Mutual of America Capital Management LLC decreased its position in Oshkosh Co. (NYSE:OSK) by 30.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,431 shares of the company’s stock after selling 17,724 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Oshkosh were worth $4,383,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Oshkosh by 0.7% in the third quarter. Vanguard Group Inc. now owns 6,179,092 shares of the company’s stock worth $434,329,000 after purchasing an additional 44,117 shares in the last quarter. BlackRock Inc. raised its holdings in Oshkosh by 4.7% in the first quarter. BlackRock Inc. now owns 6,039,602 shares of the company’s stock worth $502,374,000 after purchasing an additional 272,691 shares in the last quarter. Greenhaven Associates Inc. raised its holdings in Oshkosh by 0.5% in the fourth quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company’s stock worth $267,750,000 after purchasing an additional 11,100 shares in the last quarter. State Street Corp raised its holdings in Oshkosh by 2.3% in the first quarter. State Street Corp now owns 1,891,453 shares of the company’s stock worth $157,331,000 after purchasing an additional 43,172 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Oshkosh by 53.1% in the second quarter. Alliancebernstein L.P. now owns 1,347,946 shares of the company’s stock worth $116,719,000 after purchasing an additional 467,476 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Down 1.4 %

Shares of NYSE:OSK opened at $120.29 on Tuesday. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 1.56 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.45. The stock’s 50-day simple moving average is $116.07 and its two-hundred day simple moving average is $105.63. Oshkosh Co. has a 52-week low of $72.09 and a 52-week high of $127.98.

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

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were paid a $0.46 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.53%. This is an increase from Oshkosh’s previous quarterly dividend of $0.41. Oshkosh’s dividend payout ratio (DPR) is 20.26%.

Insider Transactions at Oshkosh

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 transaction, the senior vice president now owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on OSK shares. Stifel Nicolaus increased their target price on Oshkosh from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. The Goldman Sachs Group increased their target price on Oshkosh from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Evercore ISI increased their target price on Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. UBS Group increased their target price on Oshkosh from $117.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, StockNews.com raised Oshkosh from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.63.

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.