New York State Common Retirement Fund Cuts Stock Position in Oshkosh Co. (NYSE:OSK)

New York State Common Retirement Fund lowered its holdings in Oshkosh Co. (NYSE:OSK - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,155 shares of the company's stock after selling 3,772 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Oshkosh worth $3,722,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Blue Trust Inc. raised its holdings in shares of Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after acquiring an additional 138 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in Oshkosh in the 4th quarter worth about $32,000. Brooklyn Investment Group purchased a new stake in Oshkosh in the 3rd quarter valued at about $34,000. V Square Quantitative Management LLC lifted its position in shares of Oshkosh by 64.1% during the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock worth $38,000 after buying an additional 157 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Oshkosh by 9,922.2% in the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company's stock worth $90,000 after buying an additional 893 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Analyst Upgrades and Downgrades

OSK has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Oshkosh from $115.00 to $127.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. KeyCorp lifted 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. UBS Group lifted their price objective on shares of Oshkosh from $125.00 to $137.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. 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. Finally, Bank of America lifted their target price 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 assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $125.92.

Oshkosh Stock Down 0.2 %

Shares of NYSE OSK traded down $0.23 on Tuesday, reaching $97.25. 402,021 shares of the company's stock traded hands, compared to its average volume of 717,602. 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 business's 50 day simple moving average is $100.65 and its two-hundred day simple moving average is $103.16. Oshkosh Co. has a 12 month low of $89.08 and a 12 month high of $127.98. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 9.39, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

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

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.10%. The ex-dividend date was Friday, February 14th. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's 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.