Wedge Capital Management L L P NC Sells 7,384 Shares of Oshkosh Co. (NYSE:OSK)

Wedge Capital Management L L P NC lowered its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,618 shares of the company's stock after selling 7,384 shares during the period. Wedge Capital Management L L P NC owned 0.17% of Oshkosh worth $10,612,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Oshkosh by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company's stock worth $19,632,000 after buying an additional 28,478 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Oshkosh during the 3rd quarter valued at $504,000. Barclays PLC lifted its stake in shares of Oshkosh by 40.9% in the 3rd quarter. Barclays PLC now owns 111,710 shares of the company's stock valued at $11,192,000 after purchasing an additional 32,435 shares during the period. Y Intercept Hong Kong Ltd boosted its position in shares of Oshkosh by 57.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company's stock worth $2,023,000 after purchasing an additional 7,334 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC grew its stake in shares of Oshkosh by 3.4% during the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company's stock worth $14,144,000 after purchasing an additional 4,680 shares during the period. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

OSK stock traded up $1.03 during trading hours on Friday, reaching $95.55. The stock had a trading volume of 515,173 shares, compared to its average volume of 499,961. The stock has a market capitalization of $6.22 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 0.94 and a beta of 1.21. The stock has a 50-day simple moving average of $101.77 and a 200 day simple moving average of $103.42. 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 0.15, a current ratio of 1.46 and a quick ratio of 0.79.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping analysts' consensus estimates of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.63 billion. Analysts predict that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Friday, November 15th. Oshkosh's dividend payout ratio is 17.86%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial decreased their target price on Oshkosh from $116.00 to $109.00 and set a "hold" rating for the company in a research report on Thursday. Citigroup lowered their price objective on shares of Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. cut their price objective on Oshkosh from $125.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Robert W. Baird dropped their target price on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Finally, UBS Group reduced their price target on shares of 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, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Oshkosh has a consensus rating of "Hold" and an average price target of $121.77.

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.