LPL Financial LLC Sells 1,462 Shares of Oshkosh Co. (NYSE:OSK)

LPL Financial LLC decreased its stake in Oshkosh Co. (NYSE:OSK) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,156 shares of the company’s stock after selling 1,462 shares during the quarter. LPL Financial LLC’s holdings in Oshkosh were worth $1,441,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its position in shares of Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock worth $193,031,000 after purchasing an additional 384,141 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Oshkosh during the fourth quarter valued at approximately $23,285,000. Raymond James Financial Inc. purchased a new stake in Oshkosh during the fourth quarter worth $8,467,000. Assenagon Asset Management S.A. lifted its position in shares of Oshkosh by 29.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company’s stock valued at $29,675,000 after buying an additional 71,911 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Oshkosh by 275.2% during the 4th quarter. Natixis Advisors LLC now owns 67,341 shares of the company’s stock valued at $6,402,000 after purchasing an additional 49,394 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Down 0.1 %

OSK stock opened at $84.42 on Friday. The firm has a market cap of $5.46 billion, a PE ratio of 8.16, a PEG ratio of 1.45 and a beta of 1.26. Oshkosh Co. has a one year low of $76.82 and a one year high of $125.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The firm’s 50 day moving average price is $96.10 and its 200-day moving average price is $100.65.

Oshkosh (NYSE:OSK) last released 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 return on equity of 19.31% and a net margin of 6.34%. On average, equities research analysts anticipate that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a dividend of $0.51 per share. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh’s dividend payout ratio (DPR) is currently 19.71%.

Analysts Set New Price Targets

OSK has been the subject of a number of recent analyst reports. Raymond James lifted their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. UBS Group cut their target price on shares of Oshkosh from $137.00 to $97.00 and set a “buy” rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. lowered their price target on Oshkosh from $117.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday. The Goldman Sachs Group cut their price objective on Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Finally, Citigroup decreased their price target on shares of Oshkosh from $130.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $114.62.

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.