JPMorgan Chase & Co. Sells 33,501 Shares of Oshkosh Co. (NYSE:OSK)

JPMorgan Chase & Co. cut its position in Oshkosh Co. (NYSE:OSK - Free Report) by 17.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,405 shares of the company's stock after selling 33,501 shares during the quarter. JPMorgan Chase & Co. owned about 0.25% of Oshkosh worth $15,440,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of Oshkosh by 23.3% in the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock valued at $193,031,000 after acquiring an additional 384,141 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Oshkosh during the fourth quarter worth approximately $23,285,000. Vanguard Group Inc. raised its position in shares of Oshkosh by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock valued at $774,035,000 after buying an additional 176,400 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Oshkosh in the fourth quarter valued at approximately $8,467,000. Finally, Assenagon Asset Management S.A. grew its position in Oshkosh by 29.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company's stock worth $29,675,000 after buying an additional 71,911 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Trading Down 1.2 %

Shares of OSK traded down $1.04 during mid-day trading on Tuesday, reaching $85.17. 598,375 shares of the company were exchanged, compared to its average volume of 590,460. The business has a 50 day simple moving average of $97.66 and a two-hundred day simple moving average of $100.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The stock has a market capitalization of $5.50 billion, a PE ratio of 8.23, a PEG ratio of 1.45 and a beta of 1.26. Oshkosh Co. has a 52 week low of $76.82 and a 52 week high of $125.00.

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

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 2.40%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's dividend payout ratio (DPR) is 19.71%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OSK. The Goldman Sachs Group cut their target price on Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Evercore ISI raised their target price on shares of Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Morgan Stanley increased their price target on shares of Oshkosh from $98.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Monday, February 3rd. Citigroup cut their target price on Oshkosh from $130.00 to $95.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Truist Financial lowered their price target on Oshkosh from $118.00 to $94.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $116.08.

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.