Mitsubishi UFJ Trust & Banking Corp Has $578,000 Stock Holdings in Oshkosh Co. (NYSE:OSK)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of Oshkosh Co. (NYSE:OSK) by 52.5% during the 4th quarter, HoldingsChannel reports. The fund owned 6,084 shares of the company’s stock after selling 6,728 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Oshkosh were worth $578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can boosted its holdings in Oshkosh by 34.9% in the third quarter. Bank of Montreal Can now owns 33,691 shares of the company’s stock worth $3,376,000 after purchasing an additional 8,721 shares in the last quarter. FMR LLC raised its stake in shares of Oshkosh by 3.3% in the 3rd quarter. FMR LLC now owns 1,223,891 shares of the company’s stock valued at $122,646,000 after acquiring an additional 39,235 shares in the last quarter. Bridgewater Associates LP acquired a new stake in Oshkosh in the 3rd quarter worth approximately $781,000. Paloma Partners Management Co boosted its position in Oshkosh by 30.4% during the third quarter. Paloma Partners Management Co now owns 2,928 shares of the company’s stock worth $293,000 after purchasing an additional 683 shares during the period. Finally, Centiva Capital LP grew its holdings in Oshkosh by 40.8% during the third quarter. Centiva Capital LP now owns 13,352 shares of the company’s stock valued at $1,338,000 after purchasing an additional 3,869 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Price Performance

Shares of Oshkosh stock opened at $94.03 on Wednesday. The firm has a market cap of $6.07 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The firm’s 50-day simple moving average is $101.72 and its 200-day simple moving average is $102.23. Oshkosh Co. has a twelve month low of $89.08 and a twelve month 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 return on equity of 19.31% and a net margin of 6.34%. As a group, research analysts expect that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.17%. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio (DPR) is 19.71%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OSK. JPMorgan Chase & Co. lowered their target price on shares of Oshkosh from $127.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. Bank of America boosted their price objective on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. Evercore ISI lifted their price target on Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Truist Financial increased their price objective on Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Finally, Citigroup dropped their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.