Jacobs Levy Equity Management Inc. Sells 271,330 Shares of Oshkosh Co. (NYSE:OSK)

Jacobs Levy Equity Management Inc. lowered its holdings in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 95.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,858 shares of the company's stock after selling 271,330 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Oshkosh were worth $1,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of Oshkosh during the 3rd quarter worth about $25,000. Brooklyn Investment Group acquired a new position in shares of Oshkosh during the third quarter worth approximately $34,000. Eagle Bay Advisors LLC grew its stake in shares of Oshkosh by 547.6% in the second quarter. Eagle Bay Advisors LLC now owns 667 shares of the company's stock worth $72,000 after acquiring an additional 564 shares during the last quarter. International Assets Investment Management LLC increased its position in Oshkosh by 9,922.2% during the third quarter. International Assets Investment Management LLC now owns 902 shares of the company's stock worth $90,000 after acquiring an additional 893 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Oshkosh by 35.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company's stock valued at $100,000 after purchasing an additional 262 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Down 2.4 %

NYSE:OSK traded down $2.51 during trading hours on Monday, reaching $104.12. 414,917 shares of the stock were exchanged, compared to its average volume of 508,883. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh Co. has a twelve month low of $93.34 and a twelve month high of $127.98. The stock has a market cap of $6.78 billion, a PE ratio of 10.35, a PEG ratio of 1.05 and a beta of 1.19. The firm has a 50 day moving average of $107.14 and a 200 day moving average of $106.29.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The firm had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.63 billion. On average, equities analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.77%. Oshkosh's payout ratio is 17.86%.

Analyst Upgrades and Downgrades

OSK has been the topic of several research reports. Robert W. Baird dropped their price objective on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Truist Financial lowered their price target on Oshkosh from $126.00 to $114.00 and set a "hold" rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on Oshkosh from $120.00 to $125.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. Finally, Evercore ISI cut their target price on Oshkosh from $137.00 to $119.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Oshkosh currently has an average rating of "Hold" and an average target price of $123.14.

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.