New York State Teachers Retirement System Decreases Stake in Oshkosh Corporation (NYSE:OSK)

New York State Teachers Retirement System reduced its position in Oshkosh Corporation (NYSE:OSK - Free Report) by 5.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,562 shares of the company's stock after selling 4,903 shares during the period. New York State Teachers Retirement System owned 0.13% of Oshkosh worth $7,673,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC raised its position in Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after purchasing an additional 127 shares during the period. CX Institutional purchased a new stake in Oshkosh during the first quarter valued at approximately $28,000. Coppell Advisory Solutions LLC raised its position in Oshkosh by 52.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after purchasing an additional 110 shares during the period. Golden State Wealth Management LLC raised its position in Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after purchasing an additional 186 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Oshkosh during the fourth quarter valued at approximately $34,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Trading Up 1.4%

Shares of NYSE OSK opened at $124.21 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77. The business's 50 day moving average price is $103.42 and its 200-day moving average price is $98.71. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $124.67. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 1.82 and a beta of 1.43.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.10). Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The firm had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.42 billion. During the same quarter in the prior year, the company posted $2.89 earnings per share. Oshkosh's quarterly revenue was down 9.1% compared to the same quarter last year. On average, sell-side analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, May 16th. Oshkosh's dividend payout ratio is 21.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OSK shares. KeyCorp decreased their price objective on Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. UBS Group upped their price objective on Oshkosh from $99.00 to $119.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Bank of America upped their price objective on Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research report on Friday, June 6th. Evercore ISI upped their price objective on Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Finally, Robert W. Baird increased their price target on Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $123.14.

Oshkosh Company 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.

Want to see what other hedge funds are holding OSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oshkosh Corporation (NYSE:OSK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.