EMC Capital Management Sells 3,739 Shares of Oshkosh Co. (NYSE:OSK)

EMC Capital Management reduced its position in Oshkosh Co. (NYSE:OSK - Free Report) by 62.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,291 shares of the company's stock after selling 3,739 shares during the quarter. EMC Capital Management's holdings in Oshkosh were worth $218,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Greenhaven Associates Inc. increased its holdings in Oshkosh by 0.6% in the 4th quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company's stock valued at $242,629,000 after buying an additional 15,622 shares during the period. FMR LLC grew its holdings in shares of Oshkosh by 3.3% during the 3rd quarter. FMR LLC now owns 1,223,891 shares of the company's stock valued at $122,646,000 after purchasing an additional 39,235 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Oshkosh by 1.0% during the 3rd 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 last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Oshkosh by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company's stock valued at $68,561,000 after purchasing an additional 4,974 shares during the last quarter. Finally, Equity Investment Corp grew its holdings in shares of Oshkosh by 1.5% during the 3rd quarter. Equity Investment Corp now owns 588,884 shares of the company's stock valued at $59,012,000 after purchasing an additional 8,611 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $115.00 to $127.00 and gave the company a "neutral" rating in a report on Friday. UBS Group lifted their target price on shares of Oshkosh from $125.00 to $137.00 and gave the stock a "buy" rating in a research report on Monday. Truist Financial lifted their target price on shares of Oshkosh from $109.00 to $118.00 and gave the stock a "hold" rating in a research report on Friday. KeyCorp lifted their target price on shares of Oshkosh from $113.00 to $132.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Morgan Stanley lifted their target price on shares of Oshkosh from $98.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $125.00.

Oshkosh Stock Down 1.4 %

Shares of Oshkosh stock traded down $1.60 during trading on Tuesday, reaching $111.25. 512,715 shares of the company traded hands, compared to its average volume of 734,929. 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 1-year low of $89.08 and a 1-year high of $127.98. The company has a 50 day moving average price of $99.75 and a 200-day moving average price of $102.98. The firm has a market capitalization of $7.24 billion, a PE ratio of 10.76, a P/E/G ratio of 1.97 and a beta of 1.22.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results 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 net margin of 6.34% and a return on equity of 19.31%. As a group, equities research analysts expect that Oshkosh Co. will post 11 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Friday, February 14th. This is an increase from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's payout ratio is presently 17.78%.

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.