American International Group Inc. Cuts Stock Holdings in Oshkosh Co. (NYSE:OSK)

American International Group Inc. decreased its stake in shares of Oshkosh Co. (NYSE:OSKFree Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,357 shares of the company’s stock after selling 3,645 shares during the period. American International Group Inc. owned about 0.14% of Oshkosh worth $9,579,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its position in Oshkosh by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after purchasing an additional 111 shares during the last quarter. GAMMA Investing LLC purchased a new position in Oshkosh in the fourth quarter worth $42,000. Principal Securities Inc. purchased a new position in Oshkosh in the fourth quarter worth $74,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Oshkosh in the fourth quarter worth $79,000. Finally, International Assets Investment Management LLC boosted its position in Oshkosh by 10,744.4% in the fourth quarter. International Assets Investment Management LLC now owns 976 shares of the company’s stock worth $106,000 after purchasing an additional 967 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on OSK shares. Bank of America boosted their price objective on Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. boosted their target price on Oshkosh from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Stifel Nicolaus boosted their target price on Oshkosh from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, April 26th. DA Davidson upgraded Oshkosh from a “neutral” rating to a “buy” rating and boosted their target price for the company from $122.00 to $130.00 in a research note on Friday, March 1st. Finally, StockNews.com lowered Oshkosh from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.94.

Check Out Our Latest Research Report on OSK

Oshkosh Price Performance

OSK opened at $109.97 on Friday. The stock has a 50-day moving average price of $118.09 and a 200-day moving average price of $111.89. Oshkosh Co. has a 12-month low of $80.07 and a 12-month high of $127.98. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $7.19 billion, a P/E ratio of 10.52, a PEG ratio of 1.07 and a beta of 1.26.

Oshkosh (NYSE:OSKGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the business earned $1.59 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities analysts predict that Oshkosh Co. will post 11.17 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, May 10th. Oshkosh’s payout ratio is currently 17.61%.

Oshkosh Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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