Magnetar Financial LLC Decreases Stock Holdings in Oshkosh Co. (NYSE:OSK)

Magnetar Financial LLC cut its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 93.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,404 shares of the company's stock after selling 49,111 shares during the quarter. Magnetar Financial LLC's holdings in Oshkosh were worth $324,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its stake in Oshkosh by 18.4% in the 4th quarter. Teacher Retirement System of Texas now owns 20,934 shares of the company's stock worth $1,990,000 after buying an additional 3,259 shares in the last quarter. Xponance Inc. boosted its stake in Oshkosh by 7.7% in the 4th quarter. Xponance Inc. now owns 7,572 shares of the company's stock worth $720,000 after purchasing an additional 540 shares during the period. Advisors Asset Management Inc. raised its position in shares of Oshkosh by 9.7% during the fourth quarter. Advisors Asset Management Inc. now owns 54,968 shares of the company's stock valued at $5,226,000 after buying an additional 4,846 shares during the last quarter. Delphi Management Inc. MA lifted its holdings in shares of Oshkosh by 4.8% in the fourth quarter. Delphi Management Inc. MA now owns 14,288 shares of the company's stock worth $1,358,000 after buying an additional 652 shares in the last quarter. Finally, Twin Tree Management LP bought a new position in shares of Oshkosh during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 92.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on OSK shares. Citigroup decreased their price target 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. Raymond James lifted their price objective on Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. UBS Group boosted their price target on shares of Oshkosh from $125.00 to $137.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. KeyCorp upped their target price on shares of Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price objective on Oshkosh from $127.00 to $117.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Oshkosh presently has an average rating of "Hold" and an average price target of $124.38.

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Oshkosh Trading Down 1.0 %

OSK stock traded down $0.94 during trading on Thursday, hitting $97.16. The company had a trading volume of 1,303,671 shares, compared to its average volume of 546,754. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $6.27 billion, a P/E ratio of 9.39, a PEG ratio of 1.45 and a beta of 1.21. The company has a 50 day simple moving average of $101.78 and a 200-day simple moving average of $102.30. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating 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, research analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a $0.51 dividend. This is an increase from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 2.10%. 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.