Prudential Financial Inc. trimmed its holdings in shares of Oshkosh Corp (NYSE:OSK) by 11.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 689,835 shares of the company’s stock after selling 87,990 shares during the period. Prudential Financial Inc.’s holdings in Oshkosh were worth $49,144,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ayalon Holdings Ltd. purchased a new stake in Oshkosh during the third quarter valued at about $125,000. Trilogy Capital Inc. purchased a new stake in Oshkosh during the third quarter valued at about $199,000. Sawtooth Solutions LLC purchased a new stake in shares of Oshkosh during the second quarter worth about $202,000. Trexquant Investment LP purchased a new stake in shares of Oshkosh during the second quarter worth about $218,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Oshkosh by 229.2% during the second quarter. Meeder Asset Management Inc. now owns 3,470 shares of the company’s stock worth $244,000 after purchasing an additional 2,416 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

A number of research firms have recently weighed in on OSK. Royal Bank of Canada reiterated a “buy” rating and set a $98.00 target price on shares of Oshkosh in a report on Wednesday, August 1st. ValuEngine upgraded shares of Oshkosh from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. Credit Suisse Group dropped their target price on shares of Oshkosh from $96.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, August 1st. KeyCorp dropped their target price on shares of Oshkosh from $104.00 to $88.00 and set an “overweight” rating for the company in a report on Wednesday, August 1st. Finally, Zacks Investment Research reiterated a “buy” rating and set a $73.00 target price on shares of Oshkosh in a report on Wednesday, November 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.17.

Oshkosh stock opened at $66.09 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.93 and a debt-to-equity ratio of 0.33. The stock has a market cap of $4.89 billion, a PE ratio of 10.39, a PEG ratio of 0.65 and a beta of 1.71. Oshkosh Corp has a 1-year low of $51.42 and a 1-year high of $100.26.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, November 1st. The company reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.35. Oshkosh had a net margin of 6.12% and a return on equity of 19.93%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the firm earned $1.38 earnings per share. Oshkosh’s revenue was up 4.8% on a year-over-year basis. Sell-side analysts predict that Oshkosh Corp will post 7.07 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 19th will be paid a $0.27 dividend. This is an increase from Oshkosh’s previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, November 16th. Oshkosh’s dividend payout ratio is presently 15.09%.

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Oshkosh Profile

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation; and chassis and service parts sales.

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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