Bank of Montreal Can Sells 17,403 Shares of Oshkosh Co. (NYSE:OSK)

Bank of Montreal Can lessened its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 51.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,288 shares of the company's stock after selling 17,403 shares during the period. Bank of Montreal Can's holdings in Oshkosh were worth $1,549,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after buying an additional 138 shares during the last quarter. Carolina Wealth Advisors LLC boosted its stake in Oshkosh by 2.5% during the 4th quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company's stock valued at $576,000 after purchasing an additional 146 shares during the period. Private Advisor Group LLC increased its stake in shares of Oshkosh by 4.0% in the fourth quarter. Private Advisor Group LLC now owns 3,923 shares of the company's stock valued at $373,000 after purchasing an additional 152 shares during the period. V Square Quantitative Management LLC raised its holdings in shares of Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock valued at $38,000 after buying an additional 157 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its position in Oshkosh by 11.1% during the 4th quarter. Manchester Capital Management LLC now owns 2,143 shares of the company's stock worth $204,000 after acquiring an additional 214 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Price Performance

NYSE OSK traded down $0.06 during trading on Friday, reaching $84.42. 420,699 shares of the company traded hands, compared to its average volume of 594,820. Oshkosh Co. has a 1-year low of $76.82 and a 1-year high of $125.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The stock's 50 day moving average price is $95.56 and its two-hundred day moving average price is $100.57. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 8.16, a P/E/G ratio of 1.45 and a beta of 1.26.

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

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.51 per share. The ex-dividend date was Friday, February 14th. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.42%. Oshkosh's dividend payout ratio is 19.71%.

Analyst Ratings Changes

Several equities research analysts recently commented on OSK shares. 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 report on Wednesday, March 19th. Evercore ISI raised their target price on Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. KeyCorp cut their price target on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Bank of America boosted their target price on shares of Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their price target on Oshkosh from $117.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Oshkosh has an average rating of "Hold" and a consensus price target of $114.62.

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.