Public Employees Retirement System of Ohio Trims Stake in Oshkosh Co. (NYSE:OSK)

Public Employees Retirement System of Ohio lowered its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 42.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,797 shares of the company's stock after selling 20,816 shares during the period. Public Employees Retirement System of Ohio's holdings in Oshkosh were worth $2,886,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OSK. V Square Quantitative Management LLC bought a new stake in shares of Oshkosh in the 3rd quarter valued at about $25,000. Brooklyn Investment Group acquired a new position in shares of Oshkosh in the 3rd quarter valued at about $34,000. Eagle Bay Advisors LLC lifted its stake in shares of Oshkosh by 547.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company's stock valued at $72,000 after purchasing an additional 564 shares during the period. International Assets Investment Management LLC lifted 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 valued at $90,000 after purchasing an additional 893 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in shares of Oshkosh by 35.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company's stock valued at $100,000 after purchasing an additional 262 shares during the period. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

Shares of NYSE:OSK traded down $1.39 during trading on Tuesday, hitting $97.71. 599,893 shares of the company were exchanged, compared to its average volume of 514,847. The company has a market cap of $6.36 billion, a PE ratio of 9.49, a P/E/G ratio of 0.98 and a beta of 1.19. The stock has a 50 day moving average of $107.27 and a 200 day moving average of $105.66. Oshkosh Co. has a 52-week low of $93.34 and a 52-week high of $127.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. As a group, equities research analysts predict that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.88%. Oshkosh's dividend payout ratio (DPR) is presently 17.86%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Truist Financial dropped their price target on Oshkosh from $126.00 to $114.00 and set a "hold" rating on the stock in a research note on Wednesday, October 9th. Robert W. Baird dropped their price target on Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Evercore ISI decreased their price objective on Oshkosh from $137.00 to $119.00 and set an "outperform" rating for the company in a report on Monday, August 19th. JPMorgan Chase & Co. upped their target price on Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a report on Monday, October 14th. Finally, UBS Group reduced their target price on Oshkosh from $129.00 to $125.00 and set a "buy" rating for the company in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $122.86.

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.