Two Sigma Investments LP Decreases Stock Holdings in Oshkosh Co. (NYSE:OSK)

Two Sigma Investments LP lessened its holdings in Oshkosh Co. (NYSE:OSK - Free Report) by 32.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 106,195 shares of the company's stock after selling 50,392 shares during the period. Two Sigma Investments LP owned approximately 0.16% of Oshkosh worth $10,096,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Oshkosh by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock worth $774,035,000 after buying an additional 176,400 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Oshkosh by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company's stock valued at $220,342,000 after acquiring an additional 206,377 shares during the last quarter. American Century Companies Inc. grew its position in Oshkosh by 23.3% in the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock worth $193,031,000 after acquiring an additional 384,141 shares in the last quarter. FMR LLC increased its stake in Oshkosh by 13.0% during the fourth quarter. FMR LLC now owns 1,383,558 shares of the company's stock worth $131,535,000 after acquiring an additional 159,667 shares during the last quarter. Finally, Invesco Ltd. raised its position in Oshkosh by 2.3% during the fourth quarter. Invesco Ltd. now owns 1,243,561 shares of the company's stock valued at $118,225,000 after purchasing an additional 27,659 shares during the period. Hedge funds and other institutional investors own 92.36% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Truist Financial dropped their target price on Oshkosh from $94.00 to $93.00 and set a "hold" rating for the company in a report on Thursday, May 1st. Robert W. Baird dropped their price objective on shares of Oshkosh from $163.00 to $135.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Raymond James boosted their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. The Goldman Sachs Group lowered their target price on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Finally, DA Davidson cut their price target on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Oshkosh currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.93.

Oshkosh Trading Up 0.2%

Oshkosh stock traded up $0.21 during trading hours on Thursday, hitting $100.27. The company had a trading volume of 392,208 shares, compared to its average volume of 767,534. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The firm has a market cap of $6.45 billion, a P/E ratio of 9.69, a P/E/G ratio of 1.45 and a beta of 1.37. The company has a 50-day moving average price of $91.35 and a two-hundred day moving average price of $98.34. Oshkosh Co. has a 1 year low of $76.82 and a 1 year high of $118.39.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). The firm had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.42 billion. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The firm's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.89 EPS. On average, sell-side analysts anticipate that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, May 16th. Oshkosh's payout ratio is 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.