Knightsbridge Asset Management LLC Reduces Stock Position in Oshkosh Co. (NYSE:OSK)

Knightsbridge Asset Management LLC trimmed its position in Oshkosh Co. (NYSE:OSK - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,718 shares of the company's stock after selling 4,164 shares during the quarter. Oshkosh comprises 1.3% of Knightsbridge Asset Management LLC's holdings, making the stock its 29th largest position. Knightsbridge Asset Management LLC owned approximately 0.09% of Oshkosh worth $5,487,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of OSK. Synovus Financial Corp increased its position in shares of Oshkosh by 0.4% in the fourth quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock valued at $2,886,000 after buying an additional 106 shares in the last quarter. Coppell Advisory Solutions LLC increased its position in shares of Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after buying an additional 110 shares in the last quarter. Blue Trust Inc. increased its position in shares of 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 buying an additional 138 shares in the last quarter. Carolina Wealth Advisors LLC increased its position in shares of Oshkosh by 2.5% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company's stock valued at $576,000 after buying an additional 146 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Oshkosh by 4.0% in the fourth quarter. Private Advisor Group LLC now owns 3,923 shares of the company's stock valued at $373,000 after buying an additional 152 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. DA Davidson set a $120.00 target price on shares of Oshkosh in a research report on Monday, April 21st. Truist Financial dropped their price objective on shares of Oshkosh from $118.00 to $94.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. KeyCorp dropped their price objective on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Evercore ISI upped their price objective on shares of Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Finally, Citigroup lowered their target price on shares of Oshkosh from $130.00 to $95.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $115.00.

Oshkosh Stock Down 4.5 %

OSK stock traded down $3.97 during midday trading on Wednesday, reaching $84.27. 1,078,461 shares of the company were exchanged, compared to its average volume of 600,953. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. Oshkosh Co. has a 1-year low of $76.82 and a 1-year high of $123.25. The stock's 50-day simple moving average is $92.44 and its 200 day simple moving average is $99.86. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results 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). Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. During the same quarter last year, the company posted $2.89 EPS. Oshkosh's quarterly revenue was down 9.1% on a year-over-year basis. On average, equities analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a dividend of $0.51 per share. This is a boost from Oshkosh's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh's dividend payout ratio is currently 19.71%.

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.