Deutsche Bank AG Decreases Stock Holdings in Oshkosh Co. (NYSE:OSK)

Deutsche Bank AG decreased its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 49.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,338 shares of the company's stock after selling 67,188 shares during the period. Deutsche Bank AG owned approximately 0.10% of Oshkosh worth $6,402,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC lifted its position 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 acquiring an additional 32,435 shares during the period. Franklin Resources Inc. bought a new position in shares of Oshkosh during the third quarter valued at approximately $532,000. Merit Financial Group LLC lifted its holdings in shares of Oshkosh by 6.9% during the fourth quarter. Merit Financial Group LLC now owns 4,040 shares of the company's stock valued at $384,000 after purchasing an additional 259 shares during the last quarter. Greenhaven Associates Inc. boosted its position in shares of Oshkosh by 0.6% in the 4th quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company's stock worth $242,629,000 after purchasing an additional 15,622 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Oshkosh by 8.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 34,053 shares of the company's stock worth $3,237,000 after buying an additional 2,629 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Price Performance

Shares of NYSE:OSK traded down $3.92 during trading on Wednesday, hitting $98.51. 570,124 shares of the company's stock were exchanged, compared to its average volume of 625,079. The business's 50-day simple moving average is $91.06 and its 200 day simple moving average is $98.70. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 1.45 and a beta of 1.37. Oshkosh Co. has a 52-week low of $76.82 and a 52-week high of $118.90. 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 (NYSE:OSK - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $2.42 billion. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Oshkosh's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.89 EPS. As a group, equities analysts predict that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given 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 2.07%. Oshkosh's payout ratio is 21.79%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on OSK shares. Truist Financial dropped their target price on Oshkosh from $94.00 to $93.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Citigroup reissued a "buy" rating and issued a $105.00 target price (up previously from $95.00) on shares of Oshkosh in a report on Tuesday, May 6th. Evercore ISI boosted their price target on Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a research note on Monday. The Goldman Sachs Group lowered their price objective on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Finally, Bank of America boosted their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.93.

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.