Systematic Financial Management LP Sells 8,594 Shares of Oshkosh Co. (NYSE:OSK)

Systematic Financial Management LP cut its holdings in Oshkosh Co. (NYSE:OSK - Free Report) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,132 shares of the company's stock after selling 8,594 shares during the quarter. Systematic Financial Management LP owned about 0.13% of Oshkosh worth $7,998,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Oshkosh by 40.9% in 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 during the last quarter. Semanteon Capital Management LP increased its position in Oshkosh by 29.1% during the fourth quarter. Semanteon Capital Management LP now owns 14,820 shares of the company's stock worth $1,409,000 after buying an additional 3,342 shares during the last quarter. Entropy Technologies LP raised its holdings in Oshkosh by 29.0% during the fourth quarter. Entropy Technologies LP now owns 20,018 shares of the company's stock valued at $1,903,000 after buying an additional 4,498 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Oshkosh by 181.7% in the fourth quarter. State of Alaska Department of Revenue now owns 21,420 shares of the company's stock worth $2,035,000 after buying an additional 13,815 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Oshkosh during the 4th quarter worth about $23,285,000. 92.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on OSK. KeyCorp dropped their price target on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Citigroup reiterated 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. UBS Group boosted their target price on shares of Oshkosh from $99.00 to $119.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Truist Financial lowered their price target on Oshkosh from $94.00 to $93.00 and set a "hold" rating on the stock in a research report on Thursday, May 1st. Finally, Evercore ISI lifted their price objective on Oshkosh from $137.00 to $147.00 and gave the stock an "outperform" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $114.93.

Oshkosh Stock Performance

Shares of NYSE OSK traded down $3.92 during trading hours on Wednesday, reaching $98.51. The stock had a trading volume of 570,124 shares, compared to its average volume of 626,317. 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 twelve month low of $76.82 and a twelve month high of $118.81. The business's fifty day moving average is $91.06 and its two-hundred day moving average is $98.70. 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 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). 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 was down 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.89 earnings per share. As a group, research analysts expect that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Friday, May 16th. Oshkosh's dividend payout ratio (DPR) is 21.79%.

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.