Brandywine Global Investment Management LLC Has $3.82 Million Position in Oshkosh Co. (NYSE:OSK)

Brandywine Global Investment Management LLC reduced its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,134 shares of the company's stock after selling 3,147 shares during the period. Brandywine Global Investment Management LLC owned 0.06% of Oshkosh worth $3,816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in OSK. Blue Trust Inc. lifted its position in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after purchasing an additional 138 shares during the period. Hager Investment Management Services LLC acquired a new stake in shares of Oshkosh in the fourth quarter valued at $32,000. Proficio Capital Partners LLC acquired a new stake in shares of Oshkosh in the fourth quarter valued at $34,000. V Square Quantitative Management LLC boosted its stake in 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 in the last quarter. Finally, Twin Tree Management LP acquired a new position in Oshkosh during the fourth quarter worth about $41,000. 92.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on OSK shares. UBS Group upped their price target on shares of Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Citigroup reduced their target price on shares of Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. The Goldman Sachs Group decreased their price target on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Truist Financial increased their price objective on Oshkosh from $109.00 to $118.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their target price on Oshkosh from $127.00 to $117.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $124.38.

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Oshkosh Stock Down 4.5 %

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 577,685. The company has a market capitalization of $5.34 billion, a PE ratio of 7.99, a P/E/G ratio of 1.45 and a beta of 1.26. Oshkosh Co. has a 52-week low of $78.74 and a 52-week high of $127.98. 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 business's fifty day simple moving average is $101.22 and its two-hundred day simple moving average is $101.91.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping 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, research analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.47%. This is an increase from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh's payout ratio is currently 19.71%.

Oshkosh 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.