Hsbc Holdings PLC Sells 68,824 Shares of Oshkosh Co. (NYSE:OSK)

Hsbc Holdings PLC cut its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 55.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,841 shares of the company's stock after selling 68,824 shares during the period. Hsbc Holdings PLC owned 0.09% of Oshkosh worth $5,280,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in OSK. Tower Research Capital LLC TRC boosted its position in shares of Oshkosh by 201.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,116 shares of the company's stock worth $867,000 after acquiring an additional 6,095 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Oshkosh by 9.0% in the 4th quarter. MetLife Investment Management LLC now owns 36,679 shares of the company's stock valued at $3,487,000 after purchasing an additional 3,038 shares in the last quarter. Natixis acquired a new position in Oshkosh during the 4th quarter worth approximately $2,453,000. Dimensional Fund Advisors LP lifted its stake in Oshkosh by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company's stock valued at $220,342,000 after purchasing an additional 206,377 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Oshkosh by 24.2% in the 4th quarter. First Trust Advisors LP now owns 347,324 shares of the company's stock valued at $33,020,000 after acquiring an additional 67,767 shares during the last quarter. Institutional investors own 92.36% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on OSK. KeyCorp dropped their target price on Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Bank of America boosted their price target on shares of Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a research report on Monday, February 10th. Citigroup decreased their target price on Oshkosh from $130.00 to $95.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Raymond James boosted their price objective on Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price objective on Oshkosh from $100.00 to $92.00 and set a "neutral" rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $111.93.

Oshkosh Trading Up 3.1 %

OSK stock traded up $2.68 on Friday, reaching $89.37. The company's stock had a trading volume of 1,150,605 shares, compared to its average volume of 609,254. Oshkosh Co. has a 12-month low of $76.82 and a 12-month high of $123.25. The firm has a market cap of $5.78 billion, a PE ratio of 8.63, a PEG ratio of 1.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The business has a fifty day simple moving average of $91.73 and a two-hundred day simple moving average of $99.62.

Oshkosh (NYSE:OSK - Get Free Report) last released 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). The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The company's revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.89 earnings per share. As a group, research analysts forecast that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.28%. Oshkosh's dividend payout ratio (DPR) is presently 19.71%.

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.