Skylands Capital LLC Reduces Stake in Oshkosh Corporation $OSK

Skylands Capital LLC trimmed its position in shares of Oshkosh Corporation (NYSE:OSK) by 11.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,750 shares of the company’s stock after selling 19,600 shares during the quarter. Oshkosh accounts for approximately 2.6% of Skylands Capital LLC’s portfolio, making the stock its 7th largest holding. Skylands Capital LLC’s holdings in Oshkosh were worth $18,904,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in shares of Oshkosh by 43.4% during the first quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock valued at $21,180,000 after purchasing an additional 68,165 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Oshkosh by 8.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock worth $17,705,000 after buying an additional 14,122 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of Oshkosh in the 1st quarter worth approximately $567,000. Sivia Capital Partners LLC bought a new position in shares of Oshkosh in the second quarter valued at approximately $325,000. Finally, IFP Advisors Inc increased its position in shares of Oshkosh by 94.6% during the second quarter. IFP Advisors Inc now owns 825 shares of the company’s stock valued at $94,000 after acquiring an additional 401 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on OSK shares. Zacks Research lowered Oshkosh from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Bank of America upgraded shares of Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 target price on the stock in a research note on Tuesday, February 3rd. Sanford C. Bernstein raised their price target on shares of Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, December 19th. Barclays initiated coverage on Oshkosh in a research note on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 price objective on the stock. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a report on Thursday, January 22nd. Twelve analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $159.60.

Oshkosh Stock Up 1.3%

OSK opened at $174.70 on Wednesday. The company has a 50 day moving average of $142.38 and a 200 day moving average of $135.72. The company has a market cap of $11.05 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $175.14. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24.

Oshkosh (NYSE:OSK) last issued 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 business had revenue of $2.69 billion for 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 company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.58 EPS. On average, sell-side analysts expect that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.28 annualized dividend and a yield of 1.3%. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio is 20.36%.

Oshkosh Profile

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.