CANADA LIFE ASSURANCE Co Reduces Stock Position in Oshkosh Co. (NYSE:OSK)

CANADA LIFE ASSURANCE Co decreased its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 872,357 shares of the company's stock after selling 51,387 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 1.34% of Oshkosh worth $82,804,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in Oshkosh by 108.7% during 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 last quarter. Hager Investment Management Services LLC acquired a new stake in shares of Oshkosh during the 4th quarter worth approximately $32,000. Proficio Capital Partners LLC purchased a new stake in shares of Oshkosh during the 4th quarter valued at approximately $34,000. V Square Quantitative Management LLC lifted its holdings in Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock valued at $38,000 after acquiring an additional 157 shares during the last quarter. Finally, Twin Tree Management LP purchased a new position in Oshkosh in the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 92.36% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on OSK shares. The Goldman Sachs Group reduced 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. Evercore ISI upped their target price on shares of Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. KeyCorp dropped their price target on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Bank of America increased their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a research report on Monday, February 10th. Finally, Citigroup dropped their target price on shares of Oshkosh from $130.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $114.62.

Oshkosh Trading Down 0.1 %

OSK opened at $84.42 on Friday. The business has a fifty day moving average price of $96.10 and a 200 day moving average price of $100.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. Oshkosh Co. has a 12 month low of $76.82 and a 12 month high of $125.00. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 1.45 and a beta of 1.26.

Oshkosh (NYSE:OSK - Get Free Report) last released its 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 net margin of 6.34% and a return on equity of 19.31%. Sell-side analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently disclosed 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 2.42%. 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%.

About Oshkosh

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.

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