Cetera Investment Advisers Trims Stake in Oshkosh Corporation (NYSE:OSK)

Cetera Investment Advisers lessened its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 19.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,453 shares of the company’s stock after selling 2,922 shares during the quarter. Cetera Investment Advisers’ holdings in Oshkosh were worth $1,172,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Synovus Financial Corp raised its position in Oshkosh by 0.4% in the fourth quarter. Synovus Financial Corp now owns 30,357 shares of the company’s stock valued at $2,886,000 after purchasing an additional 106 shares during the period. Coppell Advisory Solutions LLC grew its stake in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock worth $30,000 after purchasing an additional 110 shares in the last quarter. Captrust Financial Advisors grew its stake in Oshkosh by 3.9% in the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company’s stock worth $310,000 after purchasing an additional 122 shares in the last quarter. Parallel Advisors LLC boosted its stake in Oshkosh by 91.4% in the first quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock valued at $25,000 after acquiring an additional 127 shares during the period. Finally, Capital Insight Partners LLC boosted its stake in Oshkosh by 3.9% in the first quarter. Capital Insight Partners LLC now owns 4,599 shares of the company’s stock valued at $433,000 after acquiring an additional 171 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $134.71 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92. The firm has a market cap of $8.62 billion, a P/E ratio of 13.53, a P/E/G ratio of 1.67 and a beta of 1.43. The firm has a 50 day simple moving average of $120.46 and a 200 day simple moving average of $104.96. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $139.95.

Oshkosh (NYSE:OSK) last released its earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.43. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the business earned $3.34 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. Sell-side analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $2.04 annualized dividend and a yield of 1.5%. Oshkosh’s payout ratio is 20.48%.

Analyst Ratings Changes

OSK has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price objective on Oshkosh from $92.00 to $106.00 and gave the stock a “neutral” rating in a research report on Friday, June 6th. Morgan Stanley dropped their price target on Oshkosh from $110.00 to $91.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Robert W. Baird upped their price target on Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a report on Monday, August 4th. DA Davidson boosted their target price on shares of Oshkosh from $148.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, Bank of America boosted their price target on shares of Oshkosh from $90.00 to $103.00 and gave the company an “underperform” rating in a report on Friday, June 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.08.

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.