Oshkosh Corporation (NYSE:OSK) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its stake in Oshkosh Corporation (NYSE:OSK - Free Report) by 19.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 11,501 shares of the company's stock after selling 2,797 shares during the period. Y Intercept Hong Kong Ltd's holdings in Oshkosh were worth $1,082,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in shares of Oshkosh by 91.4% in the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after purchasing an additional 127 shares during the period. CX Institutional acquired a new stake in shares of Oshkosh in the first quarter valued at $28,000. Golden State Wealth Management LLC raised its stake in shares of Oshkosh by 147.6% in 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. Coppell Advisory Solutions LLC increased its holdings in Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after purchasing an additional 110 shares during the period. Finally, Signaturefd LLC increased its holdings in Oshkosh by 88.7% during the 1st quarter. Signaturefd LLC now owns 636 shares of the company's stock worth $60,000 after purchasing an additional 299 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Oshkosh from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $124.00 to $131.00 in a research report on Tuesday, July 1st. DA Davidson lifted their price target on shares of Oshkosh from $111.00 to $148.00 and gave the stock a "buy" rating in a research note on Tuesday. Bank of America raised their price objective on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a report on Friday, June 6th. Morgan Stanley reduced their target price on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, UBS Group raised their price target on Oshkosh from $119.00 to $149.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.69.

Oshkosh Price Performance

OSK stock traded up $0.88 during midday trading on Friday, hitting $128.71. 373,406 shares of the stock were exchanged, compared to its average volume of 803,178. The stock's 50-day moving average price is $113.27 and its 200-day moving average price is $101.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 2.06 and a beta of 1.43. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $129.15.

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 analysts' consensus estimates of $2.02 by ($0.10). Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the company posted $2.89 earnings per share. Oshkosh's revenue was down 9.1% on a year-over-year basis. Research analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.58%. Oshkosh's dividend payout ratio is currently 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.