Summit Global Investments Trims Holdings in Oshkosh Co. (NYSE:OSK)

Summit Global Investments trimmed its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 65.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,114 shares of the company's stock after selling 11,709 shares during the period. Summit Global Investments' holdings in Oshkosh were worth $581,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Blue Trust Inc. increased its position in Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after acquiring an additional 138 shares during the last quarter. Carolina Wealth Advisors LLC raised its position in Oshkosh by 2.5% in the 4th quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company's stock worth $576,000 after purchasing an additional 146 shares during the period. Private Advisor Group LLC lifted its stake in Oshkosh by 4.0% in the fourth quarter. Private Advisor Group LLC now owns 3,923 shares of the company's stock worth $373,000 after purchasing an additional 152 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock valued at $38,000 after buying an additional 157 shares during the period. Finally, Manchester Capital Management LLC grew its stake in shares of Oshkosh by 11.1% during the fourth quarter. Manchester Capital Management LLC now owns 2,143 shares of the company's stock valued at $204,000 after buying an additional 214 shares during the last quarter. Institutional investors own 92.36% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OSK. Citigroup dropped their price objective on Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. cut their price target 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. Truist Financial lifted their price objective on shares of Oshkosh from $109.00 to $118.00 and gave the company a "hold" rating in a report on Friday, January 31st. The Goldman Sachs Group lowered their price objective on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, Morgan Stanley lifted their price target on shares of Oshkosh from $98.00 to $110.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $124.38.

Oshkosh Stock Down 1.0 %

Shares of NYSE OSK traded down $0.94 during trading hours on Thursday, hitting $97.16. 1,303,671 shares of the stock were exchanged, compared to its average volume of 546,754. The company has a market cap of $6.27 billion, a PE ratio of 9.39, a PEG ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a 12 month low of $89.08 and a 12 month high of $127.98. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average price of $101.78 and a 200-day moving average price of $102.30.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share 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 expect 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. The ex-dividend date of this dividend was Friday, February 14th. This is a boost 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 (DPR) 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.