Alliancebernstein L.P. Lowers Stake in Oshkosh Co. (NYSE:OSK)

Alliancebernstein L.P. reduced its position in Oshkosh Co. (NYSE:OSK - Free Report) by 14.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,000,244 shares of the company's stock after selling 171,968 shares during the quarter. Alliancebernstein L.P. owned about 1.54% of Oshkosh worth $95,093,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of OSK. Vanguard Group Inc. boosted its stake in Oshkosh by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock worth $774,035,000 after purchasing an additional 176,400 shares during the period. Greenhaven Associates Inc. boosted its stake in shares of Oshkosh by 0.6% during the fourth quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company's stock worth $242,629,000 after buying an additional 15,622 shares during the period. American Century Companies Inc. grew its holdings in shares of Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock worth $193,031,000 after buying an additional 384,141 shares during the last quarter. FMR LLC increased its position in Oshkosh by 3.3% in the 3rd quarter. FMR LLC now owns 1,223,891 shares of the company's stock valued at $122,646,000 after acquiring an additional 39,235 shares during the period. Finally, Geode Capital Management LLC raised its stake in Oshkosh by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company's stock valued at $109,250,000 after acquiring an additional 10,357 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

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Oshkosh Price Performance

Shares of NYSE:OSK traded down $3.89 during midday trading on Friday, hitting $82.70. 946,593 shares of the stock were exchanged, compared to its average volume of 576,752. The stock has a market cap of $5.34 billion, a P/E ratio of 7.99, a PEG ratio of 1.45 and a beta of 1.26. Oshkosh Co. has a twelve month low of $78.74 and a twelve month high of $127.98. The company has a 50 day moving average price of $101.22 and a 200-day moving average price of $101.95. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, research analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.47%. This is a boost from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh's payout ratio is 19.71%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OSK. Evercore ISI boosted their target price on Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Morgan Stanley boosted their price objective on shares of Oshkosh from $98.00 to $110.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. Truist Financial raised their target price on shares of Oshkosh from $109.00 to $118.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Raymond James boosted their price target 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. Finally, The Goldman Sachs Group dropped their target price on Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $124.38.

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.