Oshkosh Co. (NYSE:OSK) Stake Cut by Cetera Investment Advisers

Cetera Investment Advisers lowered its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 49.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,375 shares of the company's stock after selling 14,892 shares during the quarter. Cetera Investment Advisers' holdings in Oshkosh were worth $1,462,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Barclays PLC grew its stake in Oshkosh by 40.9% during 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 in the last quarter. Semanteon Capital Management LP raised its position in shares of Oshkosh by 29.1% in the 4th quarter. Semanteon Capital Management LP now owns 14,820 shares of the company's stock valued at $1,409,000 after purchasing an additional 3,342 shares in the last quarter. Entropy Technologies LP raised its position in shares of Oshkosh by 29.0% in the 4th quarter. Entropy Technologies LP now owns 20,018 shares of the company's stock valued at $1,903,000 after purchasing an additional 4,498 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Oshkosh by 181.7% in the 4th quarter. State of Alaska Department of Revenue now owns 21,420 shares of the company's stock valued at $2,035,000 after purchasing an additional 13,815 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Oshkosh in the 4th quarter valued at approximately $23,285,000. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

Shares of OSK traded down $0.53 during trading hours on Friday, reaching $97.90. 603,099 shares of the company's stock traded hands, compared to its average volume of 628,978. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 1.45 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. Oshkosh Co. has a twelve month low of $76.82 and a twelve month high of $118.39. The business's fifty day simple moving average is $91.19 and its two-hundred day simple moving average is $98.62.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. Oshkosh's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the business posted $2.89 earnings per share. Analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.04 annualized dividend and a yield of 2.08%. Oshkosh's dividend payout ratio is currently 21.79%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. DA Davidson cut 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. Citigroup reaffirmed a "buy" rating and issued a $105.00 target price (up from $95.00) on shares of Oshkosh in a research report on Tuesday, May 6th. Morgan Stanley cut their target price on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Evercore ISI upped their price target on Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Finally, UBS Group upped their price target on Oshkosh from $99.00 to $119.00 and gave the company a "buy" rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $114.93.

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.