CIBC Private Wealth Group LLC Sells 6,653 Shares of Oshkosh Co. (NYSE:OSK)

CIBC Private Wealth Group LLC trimmed its holdings in Oshkosh Co. (NYSE:OSK - Free Report) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,056 shares of the company's stock after selling 6,653 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.26% of Oshkosh worth $15,568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of OSK. Bank of Montreal Can grew its position in shares of Oshkosh by 34.9% in the third quarter. Bank of Montreal Can now owns 33,691 shares of the company's stock valued at $3,376,000 after purchasing an additional 8,721 shares in the last quarter. FMR LLC lifted its holdings in shares of Oshkosh by 3.3% in the third quarter. FMR LLC now owns 1,223,891 shares of the company's stock worth $122,646,000 after buying an additional 39,235 shares in the last quarter. Bridgewater Associates LP purchased a new stake in shares of Oshkosh in the third quarter worth about $781,000. Paloma Partners Management Co boosted its position in shares of Oshkosh by 30.4% in the third quarter. Paloma Partners Management Co now owns 2,928 shares of the company's stock valued at $293,000 after acquiring an additional 683 shares during the period. Finally, Centiva Capital LP grew its stake in Oshkosh by 40.8% during the third quarter. Centiva Capital LP now owns 13,352 shares of the company's stock valued at $1,338,000 after acquiring an additional 3,869 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on OSK. Citigroup lowered their target price on shares of Oshkosh from $125.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. The Goldman Sachs Group lowered their price target on Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. KeyCorp raised their target price on shares of Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Truist Financial boosted their price target 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. Finally, Morgan Stanley raised their price objective on shares of Oshkosh from $98.00 to $110.00 and gave the company an "equal weight" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $124.38.

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Oshkosh Trading Down 9.6 %

NYSE OSK traded down $9.21 during trading on Thursday, hitting $86.59. 945,997 shares of the company's stock traded hands, compared to its average volume of 574,952. The firm has a market cap of $5.60 billion, a P/E ratio of 8.37, a PEG ratio of 1.45 and a beta of 1.26. The stock has a fifty day moving average of $101.71 and a two-hundred day moving average of $102.19. 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 $86.31 and a 12-month high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (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%. As a group, sell-side analysts expect that Oshkosh Co. will post 10.96 EPS 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 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 2.36%. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh's dividend payout ratio is currently 19.71%.

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.