Mitsubishi UFJ Trust & Banking Corp Sells 6,728 Shares of Oshkosh Co. (NYSE:OSK)

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in Oshkosh Co. (NYSE:OSK - Free Report) by 52.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,084 shares of the company's stock after selling 6,728 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Oshkosh were worth $578,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Congress Wealth Management LLC DE lifted its position in shares of Oshkosh by 9.9% during the 4th quarter. Congress Wealth Management LLC DE now owns 6,181 shares of the company's stock valued at $588,000 after acquiring an additional 555 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Oshkosh by 2.2% during the fourth 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. KLP Kapitalforvaltning AS acquired a new position in shares of Oshkosh in the 4th quarter valued at $1,274,000. Sei Investments Co. increased its stake in Oshkosh by 7.1% in the 4th quarter. Sei Investments Co. now owns 528,940 shares of the company's stock worth $50,289,000 after purchasing an additional 35,072 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Oshkosh by 23.3% during the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock worth $193,031,000 after buying an additional 384,141 shares during the period. 92.36% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a report on Monday, February 10th. Citigroup decreased their price target on Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Evercore ISI upped their price objective on shares of Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. UBS Group raised their target price on Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Oshkosh from $127.00 to $117.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. One equities research 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 data from MarketBeat.com, Oshkosh currently has a consensus rating of "Hold" and a consensus price target of $124.38.

Oshkosh Trading Down 4.5 %

Shares of NYSE OSK traded down $3.89 during mid-day trading on Friday, hitting $82.70. The company's stock had a trading volume of 946,593 shares, compared to its average volume of 577,685. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company's fifty day simple moving average is $101.22 and its 200-day simple moving average is $101.91. Oshkosh Co. has a one year low of $78.74 and a one year high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.58 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%. On average, sell-side analysts anticipate that Oshkosh Co. will post 10.96 earnings per share 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 given a dividend of $0.51 per share. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.47%. Oshkosh's payout ratio is 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.