Knightsbridge Asset Management LLC Has $5.49 Million Stock Holdings in Oshkosh Co. (NYSE:OSK)

Knightsbridge Asset Management LLC lowered its stake in shares of Oshkosh Co. (NYSE:OSK) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,718 shares of the company’s stock after selling 4,164 shares during the period. Oshkosh comprises about 1.3% of Knightsbridge Asset Management LLC’s investment portfolio, making the stock its 29th biggest holding. Knightsbridge Asset Management LLC owned 0.09% of Oshkosh worth $5,487,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Oshkosh in the fourth quarter worth approximately $72,692,000. American Century Companies Inc. lifted its stake in shares of Oshkosh by 23.3% in the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock valued at $193,031,000 after purchasing an additional 384,141 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Oshkosh during the fourth quarter worth $23,285,000. Dimensional Fund Advisors LP raised its holdings in 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 in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Oshkosh by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company’s stock worth $774,035,000 after buying an additional 176,400 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Stock Up 5.4 %

Shares of OSK opened at $88.90 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $93.71 and a two-hundred day moving average price of $100.12. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 1.45 and a beta of 1.26. Oshkosh Co. has a 12 month low of $76.82 and a 12 month high of $125.00.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Equities analysts predict that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.51 dividend. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Friday, February 14th. Oshkosh’s payout ratio is presently 19.71%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OSK. Citigroup cut their price objective on Oshkosh from $130.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Raymond James boosted their price objective 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. Evercore ISI raised their target price on shares of Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group cut their target price on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Finally, 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, April 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Oshkosh has a consensus rating of “Hold” and a consensus target price of $115.00.

Oshkosh Company 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.