First Trust Advisors LP Has $33.02 Million Stake in Oshkosh Co. (NYSE:OSK)

First Trust Advisors LP raised its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 24.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 347,324 shares of the company's stock after buying an additional 67,767 shares during the period. First Trust Advisors LP owned approximately 0.53% of Oshkosh worth $33,020,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Forum Financial Management LP bought a new position in Oshkosh during the 4th quarter valued at $237,000. HITE Hedge Asset Management LLC acquired a new position in Oshkosh during the fourth quarter worth about $4,230,000. GeoWealth Management LLC lifted its holdings in Oshkosh by 320.7% in the 4th quarter. GeoWealth Management LLC now owns 3,029 shares of the company's stock valued at $288,000 after acquiring an additional 2,309 shares during the last quarter. Keeley Teton Advisors LLC grew its stake in shares of Oshkosh by 18.9% in the 4th quarter. Keeley Teton Advisors LLC now owns 26,248 shares of the company's stock worth $2,495,000 after purchasing an additional 4,173 shares during the last quarter. Finally, Gabelli Funds LLC lifted its stake in Oshkosh by 33.3% during the fourth quarter. Gabelli Funds LLC now owns 16,000 shares of the company's stock valued at $1,521,000 after purchasing an additional 4,000 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Stock Down 5.2 %

Shares of NYSE:OSK traded down $4.60 during trading on Wednesday, reaching $83.64. 2,546,191 shares of the company traded hands, compared to its average volume of 605,790. The firm has a fifty day simple moving average of $92.05 and a 200 day simple moving average of $99.75. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 1-year low of $76.82 and a 1-year high of $123.25. The firm has a market cap of $5.41 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.

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

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 2.44%. This is an increase from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's dividend payout ratio is currently 19.71%.

Analyst Ratings Changes

A number of brokerages have recently commented on OSK. Citigroup cut their price objective on Oshkosh from $130.00 to $95.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. KeyCorp reduced their target price on Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley dropped their price target on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Bank of America boosted their price objective on Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. Finally, Raymond James raised their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $115.00.

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.