Jacobs Levy Equity Management Inc. Trims Stock Holdings in Oshkosh Co. (NYSE:OSK)

Jacobs Levy Equity Management Inc. decreased its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 26.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,200 shares of the company's stock after selling 3,658 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Oshkosh were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in OSK. Blue Trust Inc. grew its position in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after acquiring an additional 138 shares during the last quarter. Coppell Advisory Solutions LLC lifted its stake in Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after purchasing an additional 110 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in Oshkosh in the fourth quarter valued at approximately $32,000. V Square Quantitative Management LLC grew its stake in shares of Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock worth $38,000 after buying an additional 157 shares during the last quarter. Finally, Twin Tree Management LP acquired a new position in shares of Oshkosh during the fourth quarter worth $41,000. 92.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on OSK shares. Robert W. Baird dropped their price target on shares of Oshkosh from $163.00 to $135.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Bank of America lifted their target price on Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. Evercore ISI increased their price target on Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a research note on Monday. Raymond James raised their price objective on Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, UBS Group increased their target price on shares of Oshkosh from $99.00 to $119.00 and gave the company a "buy" rating in a research report on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.93.

Oshkosh Stock Down 0.4%

Shares of OSK stock traded down $0.43 during trading hours on Tuesday, reaching $102.25. The company had a trading volume of 609,820 shares, compared to its average volume of 624,559. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. Oshkosh Co. has a 12 month low of $76.82 and a 12 month high of $119.05. The business has a fifty day simple moving average of $90.92 and a 200-day simple moving average of $98.68.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (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 firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the company earned $2.89 EPS. The business's revenue was down 9.1% compared to the same quarter last year. On average, research analysts expect that Oshkosh Co. will post 10.96 earnings per share 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 issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, May 16th. Oshkosh's dividend payout ratio is presently 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.