Royal Bank of Canada Sells 14,128 Shares of Oshkosh Co. (NYSE:OSK)

Royal Bank of Canada cut its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 302,927 shares of the company's stock after selling 14,128 shares during the quarter. Royal Bank of Canada owned approximately 0.47% of Oshkosh worth $28,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Oshkosh by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock worth $774,035,000 after acquiring an additional 176,400 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Oshkosh by 9.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company's stock valued at $220,342,000 after purchasing an additional 206,377 shares in the last quarter. American Century Companies Inc. lifted its position in shares of 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 in the last quarter. FMR LLC lifted its position in shares of Oshkosh by 13.0% during the fourth quarter. FMR LLC now owns 1,383,558 shares of the company's stock valued at $131,535,000 after purchasing an additional 159,667 shares in the last quarter. Finally, Invesco Ltd. grew 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 buying an additional 27,659 shares during the period. 92.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on OSK shares. Morgan Stanley lowered their price objective on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. DA Davidson lowered their price objective on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. KeyCorp lowered their price objective on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Raymond James lifted their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, UBS Group lifted their price objective on shares of Oshkosh from $99.00 to $119.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $114.93.

Oshkosh Stock Performance

Shares of NYSE OSK traded down $1.06 during midday trading on Wednesday, hitting $100.00. The company's stock had a trading volume of 249,085 shares, compared to its average volume of 769,769. The stock has a fifty day moving average price of $91.27 and a 200 day moving average price of $98.33. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a one year low of $76.82 and a one year high of $118.39. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 9.66, a P/E/G ratio of 1.45 and a beta of 1.37.

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

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, May 16th. Oshkosh's payout ratio is 21.79%.

About Oshkosh

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.