Knightsbridge Asset Management LLC Has $5.49 Million Stake in Oshkosh Co. (NYSE:OSK)

Knightsbridge Asset Management LLC trimmed its position in Oshkosh Co. (NYSE:OSK - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,718 shares of the company's stock after selling 4,164 shares during the period. Oshkosh makes up approximately 1.3% of Knightsbridge Asset Management LLC's investment portfolio, making the stock its 29th largest holding. Knightsbridge Asset Management LLC owned 0.09% of Oshkosh worth $5,487,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. increased its holdings 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 buying an additional 138 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in Oshkosh by 52.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after buying an additional 110 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in Oshkosh during the fourth quarter worth $32,000. V Square Quantitative Management LLC increased its holdings in Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock worth $38,000 after buying an additional 157 shares during the last quarter. Finally, Twin Tree Management LP acquired a new position in Oshkosh during the fourth quarter worth $41,000. Institutional investors own 92.36% of the company's stock.

Analyst Upgrades and Downgrades

OSK has been the topic of a number of recent analyst reports. UBS Group lowered their target price on shares of Oshkosh from $137.00 to $97.00 and set a "buy" rating on the stock in a report on Monday, April 7th. DA Davidson set a $120.00 price objective on shares of Oshkosh in a research report on Monday, April 21st. KeyCorp reduced their price objective 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. Truist Financial reduced their price objective on shares of Oshkosh from $118.00 to $94.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America lifted 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $115.00.

Oshkosh Price Performance

OSK stock traded up $0.06 during midday trading on Monday, reaching $88.84. The company had a trading volume of 627,286 shares, compared to its average volume of 595,974. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The stock has a 50 day moving average price of $92.88 and a 200-day moving average price of $99.94. Oshkosh Co. has a 1-year low of $76.82 and a 1-year high of $123.25. 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 (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Equities research analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's payout ratio is 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.