North Star Asset Management Inc. Reduces Stake in Oshkosh Co. (NYSE:OSK)

North Star Asset Management Inc. reduced its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 29.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,945 shares of the company's stock after selling 18,534 shares during the quarter. North Star Asset Management Inc. owned about 0.07% of Oshkosh worth $4,273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OSK. Norges Bank acquired a new position in shares of Oshkosh in the fourth quarter worth approximately $72,692,000. American Century Companies Inc. lifted its stake in Oshkosh by 23.3% in the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock valued at $193,031,000 after buying an additional 384,141 shares during the period. Point72 Asset Management L.P. acquired a new position in Oshkosh in the fourth quarter valued at approximately $25,968,000. Vaughan Nelson Investment Management L.P. acquired a new position in Oshkosh in the fourth quarter valued at approximately $23,285,000. Finally, Atlantic Investment Management Inc. acquired a new position in Oshkosh in the fourth quarter valued at approximately $21,866,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OSK has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on Oshkosh from $100.00 to $92.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Morgan Stanley decreased their price objective on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. The Goldman Sachs Group decreased their price target on Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Bank of America upped their price target on Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. Finally, UBS Group upped their price target on Oshkosh from $99.00 to $119.00 and gave the stock a "buy" rating in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $114.93.

Oshkosh Stock Performance

Shares of NYSE OSK traded up $3.28 during trading on Tuesday, reaching $101.02. 415,905 shares of the stock traded hands, compared to its average volume of 628,126. Oshkosh Co. has a 52-week low of $76.82 and a 52-week high of $118.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The company has a 50-day moving average of $91.20 and a 200-day moving average of $98.31. The stock has a market capitalization of $6.50 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37.

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). Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The firm had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.42 billion. During the same period in the prior year, the company earned $2.89 EPS. The firm's quarterly revenue was down 9.1% on a year-over-year basis. Analysts forecast 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 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 2.02%. Oshkosh's dividend payout ratio is presently 21.79%.

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.