Skylands Capital LLC Reduces Position in Oshkosh Corporation (NYSE:OSK)

Skylands Capital LLC lowered its stake in Oshkosh Corporation (NYSE:OSK - Free Report) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,225 shares of the company's stock after selling 5,510 shares during the quarter. Oshkosh comprises about 2.2% of Skylands Capital LLC's portfolio, making the stock its 9th biggest holding. Skylands Capital LLC owned 0.25% of Oshkosh worth $14,980,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OSK. Semanteon Capital Management LP lifted its holdings in Oshkosh by 29.1% in the 4th quarter. Semanteon Capital Management LP now owns 14,820 shares of the company's stock valued at $1,409,000 after acquiring an additional 3,342 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Oshkosh by 9.7% during the fourth quarter. Advisors Asset Management Inc. now owns 54,968 shares of the company's stock valued at $5,226,000 after purchasing an additional 4,846 shares during the last quarter. Norges Bank bought a new stake in Oshkosh during the fourth quarter worth approximately $72,692,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Oshkosh by 159.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 29,013 shares of the company's stock worth $2,730,000 after buying an additional 17,829 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Oshkosh in the fourth quarter worth approximately $3,860,000. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Up 3.7%

OSK stock traded up $4.43 during midday trading on Wednesday, reaching $122.59. The company had a trading volume of 1,057,968 shares, compared to its average volume of 665,945. The company has a market capitalization of $7.89 billion, a P/E ratio of 13.10, a PEG ratio of 1.66 and a beta of 1.43. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $124.35. The company has a 50 day moving average of $101.24 and a two-hundred day moving average of $98.19.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the firm earned $2.89 earnings per share. The business's revenue was down 9.1% on a year-over-year basis. On average, equities research analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.51 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.66%. Oshkosh's dividend payout ratio is currently 21.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on OSK shares. Truist Financial upgraded Oshkosh from a "hold" rating to a "buy" rating and increased their price objective for the company from $93.00 to $127.00 in a research report on Tuesday, June 3rd. UBS Group boosted their target price on Oshkosh from $99.00 to $119.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. KeyCorp decreased their price target on Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price target on Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. Finally, The Goldman Sachs Group upgraded Oshkosh from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $124.00 to $131.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $123.14.

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.