Oshkosh Corporation $OSK Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC decreased its position in Oshkosh Corporation (NYSE:OSK) by 34.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 138,348 shares of the company’s stock after selling 72,283 shares during the period. Kennedy Capital Management LLC’s holdings in Oshkosh were worth $17,944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of OSK. Quadrature Capital Ltd bought a new position in shares of Oshkosh during the third quarter valued at approximately $1,230,000. HITE Hedge Asset Management LLC acquired a new position in Oshkosh during the 3rd quarter valued at about $361,000. Invesco Ltd. raised its holdings in Oshkosh by 26.3% during the third quarter. Invesco Ltd. now owns 1,476,969 shares of the company’s stock worth $191,563,000 after purchasing an additional 307,949 shares in the last quarter. Sei Investments Co. raised its stake in shares of Oshkosh by 24.4% in the 3rd quarter. Sei Investments Co. now owns 457,877 shares of the company’s stock worth $59,389,000 after buying an additional 89,700 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Oshkosh by 162.3% in the 3rd quarter. UBS Group AG now owns 603,041 shares of the company’s stock valued at $78,214,000 after acquiring an additional 373,172 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of OSK stock traded down $1.58 during mid-day trading on Friday, reaching $148.29. The stock had a trading volume of 22,037 shares, compared to its average volume of 838,847. Oshkosh Corporation has a one year low of $76.82 and a one year high of $180.49. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The firm’s 50 day simple moving average is $158.96 and its 200 day simple moving average is $140.53. The firm has a market cap of $9.28 billion, a PE ratio of 14.80, a P/E/G ratio of 0.78 and a beta of 1.37.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.07). The business 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%. During the same period last year, the firm earned $2.58 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, February 17th. Oshkosh’s dividend payout ratio (DPR) is currently 22.75%.

Insider Buying and Selling at Oshkosh

In related news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $169.07, for a total transaction 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 trade represents a 22.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on OSK shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a research note on Thursday, January 22nd. Truist Financial set a $183.00 price objective on shares of Oshkosh in a research report on Friday, January 30th. Citigroup upped their target price on Oshkosh from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday. Wells Fargo & Company increased their price target on shares of Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Finally, Robert W. Baird set a $182.00 target price on Oshkosh in a report on Friday, January 30th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Oshkosh currently has a consensus rating of “Moderate Buy” and an average target price of $165.31.

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.