Two Sigma Advisers LP Sells 37,900 Shares of Oshkosh Co. (NYSE:OSK)

Two Sigma Advisers LP reduced its position in Oshkosh Co. (NYSE:OSK - Free Report) by 31.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,800 shares of the company's stock after selling 37,900 shares during the period. Two Sigma Advisers LP owned approximately 0.12% of Oshkosh worth $7,682,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OSK. Synovus Financial Corp lifted its holdings in Oshkosh by 0.4% in the 4th quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock worth $2,886,000 after buying an additional 106 shares in the last quarter. Coppell Advisory Solutions LLC increased its position in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after buying an additional 110 shares during the period. Captrust Financial Advisors increased its stake in shares of Oshkosh by 3.9% in the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock valued at $310,000 after purchasing an additional 122 shares during the period. Blue Trust Inc. increased its holdings in shares of Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after purchasing an additional 138 shares during the period. Finally, Private Advisor Group LLC increased its stake in shares of Oshkosh by 4.0% during the fourth quarter. Private Advisor Group LLC now owns 3,923 shares of the company's stock valued at $373,000 after acquiring an additional 152 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on OSK. Bank of America raised their price objective on Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a research report on Monday, February 10th. Morgan Stanley cut their target price on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Citigroup reissued a "buy" rating and issued a $105.00 target price (up from $95.00) on shares of Oshkosh in a report on Tuesday, May 6th. Evercore ISI raised their price target on Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Finally, Truist Financial lowered their target price on Oshkosh from $94.00 to $93.00 and set a "hold" rating for the company in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $114.93.

Oshkosh Price Performance

Shares of Oshkosh stock traded down $0.11 during trading on Thursday, hitting $99.95. The stock had a trading volume of 140,039 shares, compared to its average volume of 626,265. 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 12 month low of $76.82 and a 12 month high of $118.39. The business's 50-day moving average is $91.35 and its 200 day moving average is $98.34. The firm has a market cap of $6.43 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 issued its quarterly earnings data 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 19.31% and a net margin of 6.34%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the company posted $2.89 earnings per share. The firm's revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

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

Oshkosh 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.