Oshkosh Co. (NYSE:OSK) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 27.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,072 shares of the company's stock after selling 7,347 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Oshkosh were worth $1,813,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Oshkosh during the fourth quarter worth $23,285,000. BNP Paribas Financial Markets grew its stake in Oshkosh by 154.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company's stock valued at $16,044,000 after acquiring an additional 97,282 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Oshkosh in the 4th quarter valued at about $8,467,000. Assenagon Asset Management S.A. lifted its stake in Oshkosh by 29.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company's stock worth $29,675,000 after purchasing an additional 71,911 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in shares of Oshkosh by 704.3% during the 3rd quarter. Edgestream Partners L.P. now owns 68,023 shares of the company's stock worth $6,817,000 after purchasing an additional 59,566 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Trading Up 1.9 %

Shares of OSK stock traded up $1.82 during trading hours on Wednesday, hitting $97.36. The company had a trading volume of 394,863 shares, compared to its average volume of 737,342. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. 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 company's fifty day moving average is $101.11 and its 200 day moving average is $102.47. The stock has a market capitalization of $6.28 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

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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%. Research analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, February 14th. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.10%. Oshkosh's dividend payout ratio is 19.71%.

Analysts Set New Price Targets

OSK has been the subject of several recent research reports. Bank of America increased their price target on Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a report on Monday, February 10th. JPMorgan Chase & Co. cut their target price on Oshkosh from $127.00 to $117.00 and set a "neutral" rating for the company in a research note on Tuesday. The Goldman Sachs Group lowered their price target on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research report on Wednesday. Truist Financial raised their price objective on shares of Oshkosh from $109.00 to $118.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. Finally, Raymond James lifted their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $124.38.

Oshkosh 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.