Charles Schwab Investment Management Inc. Trims Holdings in Oshkosh Corporation (NYSE:OSK)

Charles Schwab Investment Management Inc. trimmed its position in Oshkosh Corporation (NYSE:OSK) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 675,595 shares of the company’s stock after selling 7,453 shares during the period. Charles Schwab Investment Management Inc. owned about 1.05% of Oshkosh worth $63,560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Oshkosh by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company’s stock valued at $769,303,000 after buying an additional 35,382 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Oshkosh by 9.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company’s stock valued at $220,342,000 after buying an additional 206,377 shares during the period. LSV Asset Management lifted its stake in shares of Oshkosh by 6.9% during the first quarter. LSV Asset Management now owns 1,726,606 shares of the company’s stock valued at $162,439,000 after buying an additional 111,062 shares during the period. Northern Trust Corp lifted its stake in shares of Oshkosh by 22.2% during the fourth quarter. Northern Trust Corp now owns 655,564 shares of the company’s stock valued at $62,324,000 after buying an additional 119,259 shares during the period. Finally, Voloridge Investment Management LLC lifted its stake in shares of Oshkosh by 48.3% during the fourth quarter. Voloridge Investment Management LLC now owns 476,419 shares of the company’s stock valued at $45,293,000 after buying an additional 155,182 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Down 1.0%

NYSE OSK opened at $140.27 on Friday. Oshkosh Corporation has a one year low of $76.82 and a one year high of $141.98. The company’s 50 day moving average price is $122.59 and its 200 day moving average price is $105.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 1.76 and a beta of 1.43.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the firm posted $3.34 earnings per share. Oshkosh’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, sell-side analysts predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be given a $0.51 dividend. 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 dividend payout ratio (DPR) is 20.48%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on OSK shares. Citigroup reissued a “buy” rating and set a $130.00 price objective (up previously from $125.00) on shares of Oshkosh in a research note on Tuesday, June 24th. DA Davidson set a $160.00 price objective on shares of Oshkosh and gave the stock a “buy” rating in a report on Tuesday, August 5th. UBS Group set a $164.00 price objective on shares of Oshkosh and gave the stock a “buy” rating in a report on Tuesday, August 5th. Robert W. Baird increased their price objective on shares of Oshkosh from $169.00 to $188.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Finally, Bank of America increased their price objective on shares of Oshkosh from $90.00 to $103.00 and gave the stock an “underperform” rating in a report on Friday, June 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.08.

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.