Oshkosh Corporation $OSK Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Key Points

• Grantham Mayo Van Otterloo & Co. LLC cut its stake in Oshkosh by 63.3% in Q3, selling 44,736 shares and leaving it with 25,946 shares worth about $3.37 million per its SEC filing.
• Sell-side sentiment is broadly positive with a consensus of "Moderate Buy" (13 Buy, 6 Hold) and an average price target of $165.31.
• Oshkosh recently raised its quarterly dividend to $0.57 (annualized $2.28), implying a 1.5% yield and a payout ratio of about 22.8%.

Grantham Mayo Van Otterloo & Co. LLC reduced its position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 63.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,946 shares of the company's stock after selling 44,736 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Oshkosh were worth $3,365,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in OSK. Blair William & Co. IL increased its position in Oshkosh by 8.7% during the 3rd quarter. Blair William & Co. IL now owns 8,665 shares of the company's stock worth $1,124,000 after purchasing an additional 691 shares during the period. Gabelli Funds LLC raised its stake in shares of Oshkosh by 5.4% during the 3rd quarter. Gabelli Funds LLC now owns 44,457 shares of the company's stock worth $5,766,000 after buying an additional 2,271 shares in the last quarter. Barclays PLC lifted its holdings in shares of Oshkosh by 133.9% in the 3rd quarter. Barclays PLC now owns 111,764 shares of the company's stock valued at $14,496,000 after buying an additional 63,972 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Oshkosh by 329.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 12,312 shares of the company's stock valued at $1,597,000 after buying an additional 9,448 shares during the period. Finally, IFG Advisory LLC boosted its stake in shares of Oshkosh by 6.7% in the third quarter. IFG Advisory LLC now owns 45,884 shares of the company's stock valued at $5,951,000 after buying an additional 2,881 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial set a $183.00 price objective on Oshkosh in a research report on Friday, January 30th. Sanford C. Bernstein boosted their target price on shares of Oshkosh from $132.00 to $140.00 and gave the stock a "market perform" rating in a research report on Friday, December 19th. Barclays started coverage on shares of Oshkosh in a research note on Tuesday, November 25th. They set an "overweight" rating and a $150.00 price target on the stock. KeyCorp reiterated an "overweight" rating on shares of Oshkosh in a report on Thursday, December 18th. Finally, Zacks Research upgraded shares of Oshkosh from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 5th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $165.31.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the firm's stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the transaction, the senior vice president directly owned 13,577 shares in the company, valued at approximately $2,295,463.39. This trade represents a 22.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.55% of the company's stock.

Oshkosh Stock Performance

Shares of OSK stock opened at $154.33 on Tuesday. The stock has a fifty day moving average price of $157.35 and a 200 day moving average price of $140.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. The stock has a market cap of $9.65 billion, a PE ratio of 15.40, a P/E/G ratio of 0.78 and a beta of 1.37. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $180.49.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.07). The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the company posted $2.58 EPS. Sell-side analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Oshkosh's previous quarterly dividend of $0.51. Oshkosh's dividend payout ratio is currently 22.75%.

Oshkosh Company Profile

Oshkosh Corporation NYSE: OSK is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company's offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.

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