Capital Fund Management S.A. Cuts Stake in Oshkosh Co. (NYSE:OSK)

Capital Fund Management S.A. reduced its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,623 shares of the company's stock after selling 8,420 shares during the quarter. Capital Fund Management S.A. owned about 0.10% of Oshkosh worth $6,429,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OSK. Norges Bank bought a new position in shares of Oshkosh in the 4th quarter worth $72,692,000. American Century Companies Inc. grew its holdings in shares of Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock valued at $193,031,000 after buying an additional 384,141 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Oshkosh in the 4th quarter worth about $23,285,000. Vanguard Group Inc. boosted its stake in Oshkosh by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock valued at $774,035,000 after purchasing an additional 176,400 shares during the last quarter. Finally, FMR LLC increased its holdings in Oshkosh by 13.0% during the 4th quarter. FMR LLC now owns 1,383,558 shares of the company's stock worth $131,535,000 after purchasing an additional 159,667 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Raymond James upped their price target on Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Citigroup cut their price target on shares of Oshkosh from $130.00 to $95.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. 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. Truist Financial decreased their price target on Oshkosh from $118.00 to $94.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group decreased their target price on Oshkosh from $137.00 to $97.00 and set a "buy" rating for the company in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $114.62.

Oshkosh Stock Performance

OSK traded down $0.06 on Friday, hitting $84.42. The company's stock had a trading volume of 420,699 shares, compared to its average volume of 593,050. The company's 50 day simple moving average is $96.10 and its 200-day simple moving average is $100.65. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 12 month low of $76.82 and a 12 month high of $125.00. The firm has a market cap of $5.46 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data 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 return on equity of 19.31% and a net margin of 6.34%. Analysts forecast that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently announced 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. This represents a $2.04 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh's dividend payout ratio (DPR) is currently 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.