Skylands Capital LLC Sells 5,510 Shares of Oshkosh Corporation (NYSE:OSK)

Skylands Capital LLC trimmed its position in Oshkosh Corporation (NYSE:OSK - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,225 shares of the company's stock after selling 5,510 shares during the quarter. Oshkosh makes up approximately 2.2% of Skylands Capital LLC's portfolio, making the stock its 9th largest position. Skylands Capital LLC owned approximately 0.25% of Oshkosh worth $14,980,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in OSK. Parallel Advisors LLC lifted its position in shares of Oshkosh by 91.4% in the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after purchasing an additional 127 shares in the last quarter. CX Institutional purchased a new stake in shares of Oshkosh in the first quarter worth approximately $28,000. Coppell Advisory Solutions LLC raised its position in Oshkosh by 52.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after acquiring an additional 110 shares in the last quarter. Golden State Wealth Management LLC raised its position in Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after acquiring an additional 186 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Oshkosh during the fourth quarter valued at approximately $34,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Performance

OSK traded up $0.68 during trading on Friday, reaching $113.67. 1,217,844 shares of the company's stock were exchanged, compared to its average volume of 663,424. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $118.39. The company has a quick ratio of 0.86, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $99.91 and a 200 day moving average price of $97.98. The company has a market capitalization of $7.32 billion, a P/E ratio of 12.14, a PEG ratio of 1.66 and a beta of 1.41.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly 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). Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the firm earned $2.89 EPS. The firm's quarterly revenue was down 9.1% on a year-over-year basis. As a group, analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 1.79%. Oshkosh's dividend payout ratio is currently 21.79%.

Analyst Ratings Changes

Several brokerages recently weighed in on OSK. Evercore ISI raised their price objective on shares of Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. The Goldman Sachs Group cut their price objective on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Robert W. Baird raised their price objective on shares of Oshkosh from $135.00 to $169.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Oshkosh in a research report on Friday, June 6th. Finally, Bank of America raised their price objective on shares of Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.07.

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.