Oshkosh Corporation $OSK Shares Sold by Algert Global LLC

Algert Global LLC trimmed its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 9.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,133 shares of the company’s stock after selling 8,257 shares during the period. Algert Global LLC owned about 0.13% of Oshkosh worth $10,523,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new position in Oshkosh in the 3rd quarter valued at about $26,000. Blue Trust Inc. increased its stake in shares of Oshkosh by 471.1% during the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after acquiring an additional 179 shares during the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of Oshkosh by 3,014.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock valued at $28,000 after purchasing an additional 211 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Oshkosh during the 3rd quarter valued at $29,000. Finally, Quent Capital LLC acquired a new stake in shares of Oshkosh during the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Down 1.7%

Shares of NYSE OSK opened at $147.24 on Monday. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $180.49. The company has a market cap of $9.21 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 0.76 and a beta of 1.37. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. The stock’s 50 day simple moving average is $159.27 and its 200 day simple moving average is $140.52.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.60 billion. Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.58 earnings per share. Equities research analysts expect that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a yield of 1.5%. Oshkosh’s dividend payout ratio is presently 22.75%.

Insiders Place Their Bets

In other news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $169.07, for a total value of $676,280.00. Following the completion of the sale, the senior vice president owned 13,577 shares in the company, valued at $2,295,463.39. This represents a 22.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

OSK has been the subject of a number of analyst reports. Argus decreased their price objective on shares of Oshkosh from $175.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Robert W. Baird set a $182.00 price objective on Oshkosh in a research note on Friday, January 30th. Wells Fargo & Company lifted their price objective on Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. upped their target price on Oshkosh from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Finally, DA Davidson boosted their target price on shares of Oshkosh from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.31.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.