Kennedy Capital Management LLC Trims Stock Holdings in Oshkosh Corporation $OSK

Key Points

• Kennedy Capital Management cut its stake in Oshkosh by 34.3%, selling 72,283 shares to leave 138,348 shares worth about $17.94 million (roughly 0.22% of the company).
• Several large institutions — including American Century, LSV, AQR and Invesco — increased their Oshkosh holdings, with overall institutional ownership at 92.36%, signaling strong institutional interest.
• Analysts are largely positive on OSK (13 Buys vs. 6 Holds) with an average target of $165.31; notable moves include Wells Fargo raising its target to $204 and Barclays initiating coverage with an overweight rating.

Kennedy Capital Management LLC reduced its position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 34.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,348 shares of the company's stock after selling 72,283 shares during the period. Kennedy Capital Management LLC owned about 0.22% of Oshkosh worth $17,944,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of OSK. American Century Companies Inc. boosted its holdings in Oshkosh by 22.8% in the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company's stock valued at $324,587,000 after purchasing an additional 529,907 shares during the period. LSV Asset Management grew its position in shares of Oshkosh by 1.7% in the 3rd quarter. LSV Asset Management now owns 1,895,825 shares of the company's stock valued at $245,889,000 after buying an additional 31,401 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Oshkosh by 25.4% during the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company's stock worth $193,728,000 after purchasing an additional 345,782 shares during the last quarter. Invesco Ltd. increased its position in Oshkosh by 26.3% during the third quarter. Invesco Ltd. now owns 1,476,969 shares of the company's stock worth $191,563,000 after buying an additional 307,949 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Oshkosh by 2.4% in the 2nd quarter. Bank of America Corp DE now owns 1,090,142 shares of the company's stock valued at $123,775,000 after acquiring an additional 25,125 shares during the period. Hedge funds and other institutional investors own 92.36% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays started coverage on Oshkosh in a research report on Tuesday, November 25th. They issued an "overweight" rating and a $150.00 price target on the stock. Wells Fargo & Company raised their price objective on shares of Oshkosh from $168.00 to $204.00 and gave the company an "overweight" rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $145.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, January 30th. Wall Street Zen raised shares of Oshkosh from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. Finally, Argus decreased their price objective on Oshkosh from $175.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, December 10th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $165.31.

Oshkosh Trading Down 1.1%

OSK stock traded down $1.58 during trading on Friday, reaching $148.29. 22,037 shares of the stock traded hands, compared to its average volume of 838,847. The business's 50 day moving average price is $158.96 and its 200-day moving average price is $140.53. The firm has a market capitalization of $9.28 billion, a PE ratio of 14.80, a P/E/G ratio of 0.78 and a beta of 1.37. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $180.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.07). The business had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $2.60 billion. Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The company's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.58 EPS. As a group, sell-side analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were paid a dividend of $0.57 per share. This is an increase from Oshkosh's previous quarterly dividend of $0.51. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, February 17th. Oshkosh's payout ratio is 22.75%.

Insider Activity

In other news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the sale, the senior vice president directly owned 13,577 shares of the company's stock, valued at approximately $2,295,463.39. The trade was a 22.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.55% of the company's stock.

Oshkosh Profile

Oshkosh Corporation NYSE: OSK is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company's offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.

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