Oshkosh Co. (NYSE:OSK) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 94,194 shares of the company's stock after selling 10,899 shares during the quarter. California Public Employees Retirement System owned approximately 0.14% of Oshkosh worth $8,955,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Oshkosh by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock worth $774,035,000 after acquiring an additional 176,400 shares during the period. Greenhaven Associates Inc. boosted its holdings 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 purchasing an additional 15,622 shares during the last quarter. American Century Companies Inc. boosted 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 purchasing an additional 384,141 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Oshkosh by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company's stock valued at $109,250,000 after purchasing an additional 10,357 shares during the period. Finally, Norges Bank acquired a new position in Oshkosh in the fourth quarter valued at $72,692,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

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Oshkosh Stock Up 1.7 %

Shares of OSK traded up $1.45 during midday trading on Friday, reaching $85.94. 764,892 shares of the company were exchanged, compared to its average volume of 588,841. Oshkosh Co. has a 1-year low of $76.82 and a 1-year high of $125.00. The stock has a 50-day moving average price of $98.14 and a 200-day moving average price of $101.06. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 1.45 and a beta of 1.26.

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

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.37%. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh's dividend payout ratio (DPR) is presently 19.71%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on OSK shares. Bank of America raised their price target on Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a research note on Monday, February 10th. Truist Financial decreased their target price on shares of Oshkosh from $118.00 to $94.00 and set a "hold" rating on the stock in a research report on Tuesday. UBS Group dropped their price target on shares of Oshkosh from $137.00 to $97.00 and set a "buy" rating for the company in a research report on Monday. Raymond James lifted their price target on shares of Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, Evercore ISI upped their price objective on Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $117.38.

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.