Oshkosh Co. (NYSE:OSK) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in shares of Oshkosh Co. (NYSE:OSK) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,086 shares of the company’s stock after selling 878 shares during the period. The Manufacturers Life Insurance Company’s holdings in Oshkosh were worth $4,952,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of OSK. Blue Trust Inc. increased its holdings in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after buying an additional 138 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in shares of Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after acquiring an additional 110 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in shares of Oshkosh during the 4th quarter valued at approximately $32,000. Proficio Capital Partners LLC acquired a new position in Oshkosh in the fourth quarter worth $34,000. Finally, V Square Quantitative Management LLC increased its stake 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 and hedge funds.

Oshkosh Trading Up 2.9 %

Oshkosh stock opened at $91.19 on Friday. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. Oshkosh Co. has a 1 year low of $76.82 and a 1 year high of $123.25. The firm’s 50 day moving average price is $90.53 and its two-hundred day moving average price is $99.06. 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 earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.10). The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.89 earnings per share. On average, research analysts predict that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.24%. Oshkosh’s dividend payout ratio is currently 21.79%.

Wall Street Analyst Weigh In

OSK has been the topic of a number of recent research reports. Morgan Stanley reduced their price target on shares of Oshkosh from $110.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. UBS Group decreased their target price on Oshkosh from $137.00 to $97.00 and set a “buy” rating for the company in a research note on Monday, April 7th. KeyCorp reduced their price objective on Oshkosh from $132.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. DA Davidson dropped their target price on Oshkosh from $120.00 to $111.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Citigroup restated a “buy” rating and set a $105.00 price target (up previously from $95.00) on shares of Oshkosh in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Oshkosh currently has a consensus rating of “Moderate Buy” and an average price target of $112.64.

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.