Wedge Capital Management L L P NC Has $9.46 Million Stock Holdings in Oshkosh Co. (NYSE:OSK)

Wedge Capital Management L L P NC decreased its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 9.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 100,559 shares of the company's stock after selling 11,059 shares during the period. Wedge Capital Management L L P NC owned 0.16% of Oshkosh worth $9,461,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Semanteon Capital Management LP grew its holdings in Oshkosh by 29.1% during the fourth quarter. Semanteon Capital Management LP now owns 14,820 shares of the company's stock valued at $1,409,000 after purchasing an additional 3,342 shares during the last quarter. Entropy Technologies LP boosted its holdings in shares of Oshkosh by 29.0% during the 4th quarter. Entropy Technologies LP now owns 20,018 shares of the company's stock worth $1,903,000 after buying an additional 4,498 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Oshkosh by 181.7% during the 4th 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 period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Oshkosh during the 4th quarter worth $23,285,000. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Oshkosh by 9.7% during the 4th quarter. Advisors Asset Management Inc. now owns 54,968 shares of the company's stock worth $5,226,000 after buying an additional 4,846 shares during the period. 92.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research note on Friday. Truist Financial upgraded Oshkosh from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $93.00 to $127.00 in a research note on Tuesday, June 3rd. Citigroup reiterated an "underperform" rating on shares of Oshkosh in a research note on Friday. DA Davidson dropped their price objective on Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, KeyCorp dropped their price objective on Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $120.29.

Oshkosh Price Performance

Shares of OSK stock traded up $0.69 during trading hours on Tuesday, hitting $111.38. The company had a trading volume of 570,497 shares, compared to its average volume of 652,072. Oshkosh Co. has a 12 month low of $76.82 and a 12 month high of $118.39. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 1.45 and a beta of 1.41. The firm's fifty day moving average is $92.57 and its 200 day moving average is $97.84. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data 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 net margin of 6.34% and a return on equity of 19.31%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the company posted $2.89 earnings per share. The company's revenue for the quarter was down 9.1% on a year-over-year basis. On average, sell-side analysts predict that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, May 16th. Oshkosh's payout ratio is currently 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.