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 position in Oshkosh Co. (NYSE:OSK - Free Report) by 9.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,559 shares of the company's stock after selling 11,059 shares during the quarter. Wedge Capital Management L L P NC owned about 0.16% of Oshkosh worth $9,461,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Oshkosh in the 4th quarter valued at about $72,692,000. American Century Companies Inc. lifted its stake in Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock valued at $193,031,000 after purchasing an additional 384,141 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Oshkosh during the fourth quarter valued at approximately $25,968,000. Vaughan Nelson Investment Management L.P. bought a new stake in Oshkosh during the fourth quarter worth approximately $23,285,000. Finally, Atlantic Investment Management Inc. acquired a new position in Oshkosh in the fourth quarter worth approximately $21,866,000. Institutional investors own 92.36% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group reissued a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. UBS Group increased their price target on Oshkosh from $99.00 to $119.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Citigroup reissued an "underperform" rating on shares of Oshkosh in a research note on Friday, June 6th. DA Davidson reduced their price objective on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Robert W. Baird raised their target price on shares of Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $120.29.

Oshkosh Stock Up 0.3%

Shares of NYSE OSK traded up $0.37 during mid-day trading on Thursday, reaching $111.18. The company had a trading volume of 680,546 shares, compared to its average volume of 653,801. The stock has a fifty day moving average of $93.63 and a two-hundred day moving average of $98.02. Oshkosh Co. has a 12-month low of $76.82 and a 12-month high of $118.39. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 1.45 and a beta of 1.41. 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 issued its 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). Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the business earned $2.89 EPS. The company's quarterly revenue was down 9.1% on a year-over-year basis. As a group, equities research analysts expect that Oshkosh Co. will post 10.96 EPS 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 given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.83%. The ex-dividend date was Friday, May 16th. Oshkosh's payout ratio is currently 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.