Oshkosh Co. (NYSE:OSK) Shares Sold by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP reduced its holdings in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 7.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 55,388 shares of the company's stock after selling 4,500 shares during the period. Hudson Bay Capital Management LP owned approximately 0.09% of Oshkosh worth $5,266,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Gotham Asset Management LLC purchased a new stake in shares of Oshkosh in the fourth quarter valued at about $714,000. Expect Equity LLC acquired a new position in Oshkosh during the fourth quarter worth about $2,798,000. Corton Capital Inc. raised its position in Oshkosh by 20.8% during the fourth quarter. Corton Capital Inc. now owns 3,919 shares of the company's stock worth $373,000 after acquiring an additional 676 shares during the last quarter. Crestline Management LP acquired a new position in Oshkosh during the fourth quarter worth about $585,000. Finally, Centiva Capital LP raised its position in Oshkosh by 21.3% during the fourth quarter. Centiva Capital LP now owns 16,198 shares of the company's stock worth $1,540,000 after acquiring an additional 2,846 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Trading Up 2.0%

Shares of OSK traded up $1.96 during trading hours on Friday, hitting $102.13. The stock had a trading volume of 796,949 shares, compared to its average volume of 622,399. Oshkosh Co. has a 12-month low of $76.82 and a 12-month high of $121.66. The firm has a market cap of $6.57 billion, a P/E ratio of 9.87, a P/E/G ratio of 1.45 and a beta of 1.37. 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 company's fifty day simple moving average is $90.66 and its 200 day simple moving average is $98.80.

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

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Friday, May 16th. Oshkosh's dividend payout ratio is presently 21.79%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Evercore ISI lifted their target price on shares of Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. UBS Group lifted their target price on shares of Oshkosh from $99.00 to $119.00 and gave the stock a "buy" rating in a research report on Friday. The Goldman Sachs Group cut their target price on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Robert W. Baird cut their price objective on shares of Oshkosh from $163.00 to $135.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Oshkosh from $100.00 to $92.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $114.21.

Oshkosh Company 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.