AXQ Capital LP Sells 7,472 Shares of Oshkosh Co. (NYSE:OSK)

AXQ Capital LP cut its position in shares of Oshkosh Co. (NYSE:OSK) by 65.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,913 shares of the company’s stock after selling 7,472 shares during the quarter. AXQ Capital LP’s holdings in Oshkosh were worth $372,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of OSK. Blue Trust Inc. boosted 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 purchasing an additional 138 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in Oshkosh during the fourth quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in Oshkosh during the third quarter valued at approximately $34,000. Proficio Capital Partners LLC acquired a new position in Oshkosh during the fourth quarter valued at approximately $34,000. Finally, V Square Quantitative Management LLC boosted its position in 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 purchasing an additional 157 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Price Performance

Shares of NYSE OSK opened at $95.75 on Monday. The firm has a market cap of $6.18 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 1-year low of $89.08 and a 1-year high of $127.98. The business’s 50 day moving average is $101.44 and its 200-day moving average is $102.32.

Oshkosh (NYSE:OSK) last announced its earnings results 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%. Equities research analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently disclosed 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. This represents a $2.04 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Friday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio (DPR) is 19.71%.

Wall Street Analyst Weigh In

Several research analysts recently commented on OSK shares. JPMorgan Chase & Co. reduced their price target on Oshkosh from $127.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Evercore ISI increased their price target on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Raymond James increased their price target on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. KeyCorp raised their price objective on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, UBS Group raised their price objective on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research report 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh 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.