Y Intercept Hong Kong Ltd Trims Position in Oshkosh Co. (NYSE:OSK)

Y Intercept Hong Kong Ltd lowered its position in Oshkosh Co. (NYSE:OSK) by 29.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,298 shares of the company’s stock after selling 5,886 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Oshkosh were worth $1,359,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parcion Private Wealth LLC increased its holdings in shares of Oshkosh by 2.8% during the 4th quarter. Parcion Private Wealth LLC now owns 40,642 shares of the company’s stock worth $3,864,000 after buying an additional 1,102 shares during the last quarter. Private Advisor Group LLC grew its position 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 acquiring an additional 152 shares during the period. Good Life Advisors LLC increased its stake in Oshkosh by 16.4% during the fourth quarter. Good Life Advisors LLC now owns 12,139 shares of the company’s stock worth $1,154,000 after acquiring an additional 1,706 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in Oshkosh during the fourth quarter worth $44,000. Finally, Venturi Wealth Management LLC raised its position in Oshkosh by 24.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,250 shares of the company’s stock valued at $119,000 after purchasing an additional 249 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Raymond James raised their price objective on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. KeyCorp lifted their price target on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. UBS Group upped their price objective on shares of Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Robert W. Baird dropped their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upped their price target on Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.23.

Oshkosh Trading Down 0.2 %

OSK opened at $102.69 on Thursday. The business’s 50-day simple moving average is $100.28 and its 200-day simple moving average is $103.16. The company has a market cap of $6.63 billion, a P/E ratio of 9.92, a PEG ratio of 1.45 and a beta of 1.22. Oshkosh Co. has a one year low of $89.08 and a one year high of $127.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. As a group, equities research analysts expect that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be given a $0.51 dividend. The ex-dividend date is 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 1.99%. 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.