Oshkosh Corporation $OSK Shares Sold by Skylands Capital LLC

Key Points

• Skylands Capital LLC trimmed its stake in Oshkosh Corporation (OSK) by 4.6% in Q4, selling 6,650 shares and ending the quarter with 139,100 shares (about 0.22% of OSK) worth $17.475 million; OSK represents roughly 2.4% of Skylands' portfolio and is its 9th-largest holding.
• SVP Anupam Khare sold 4,000 shares on February 27 at an average price of $169.07 for $676,280, reducing his position by 22.76% to 13,577 shares.
• Oshkosh raised its quarterly dividend from $0.51 to $0.57 (annualized $2.28, yield ~1.5%, payout ratio 22.75%), and analysts show a mixed outlook with a "Moderate Buy" consensus and an average price target of $165.56.

Skylands Capital LLC trimmed its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 139,100 shares of the company's stock after selling 6,650 shares during the period. Oshkosh accounts for about 2.4% of Skylands Capital LLC's portfolio, making the stock its 9th biggest holding. Skylands Capital LLC owned approximately 0.22% of Oshkosh worth $17,475,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Harbor Capital Advisors Inc. acquired a new position in Oshkosh in the 3rd quarter valued at about $26,000. SJS Investment Consulting Inc. grew its stake in Oshkosh by 3,014.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company's stock valued at $28,000 after buying an additional 211 shares during the last quarter. Blue Trust Inc. grew its stake in Oshkosh by 471.1% in the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company's stock valued at $28,000 after buying an additional 179 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in Oshkosh in the 3rd quarter valued at about $29,000. Finally, Torren Management LLC acquired a new position in Oshkosh in the 4th quarter valued at about $30,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the company's stock in a transaction that occurred on 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 sale, the senior vice president owned 13,577 shares of the company's stock, valued at approximately $2,295,463.39. This represents a 22.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.64% of the company's stock.

Oshkosh Stock Performance

Shares of NYSE:OSK opened at $150.69 on Tuesday. The company's 50 day moving average price is $154.28 and its two-hundred day moving average price is $143.43. Oshkosh Corporation has a 12-month low of $82.14 and a 12-month high of $180.49. The firm has a market cap of $9.44 billion, a PE ratio of 15.04, a PEG ratio of 0.77 and a beta of 1.39. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the company earned $2.58 EPS. The business's revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts predict that Oshkosh Corporation will post 11.14 earnings per share for the current year.

Oshkosh Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on OSK. JPMorgan Chase & Co. decreased their price target on shares of Oshkosh from $182.00 to $158.00 and set a "neutral" rating on the stock in a research note on Friday, April 10th. Sanford C. Bernstein set a $138.00 price target on shares of Oshkosh in a research note on Thursday, April 9th. Raymond James Financial reiterated an "outperform" rating and issued a $175.00 price target on shares of Oshkosh in a research note on Monday, March 2nd. Robert W. Baird set a $182.00 target price on shares of Oshkosh in a research report on Friday, January 30th. Finally, Citigroup lowered shares of Oshkosh from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $180.00 to $170.00 in a research report on Monday, April 13th. Twelve research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $165.56.

Oshkosh 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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