AQR Capital Management LLC Sells 44,929 Shares of Oshkosh Co. (NYSE:OSK)

AQR Capital Management LLC lessened its holdings in Oshkosh Co. (NYSE:OSK - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 371,243 shares of the company's stock after selling 44,929 shares during the period. AQR Capital Management LLC owned 0.57% of Oshkosh worth $35,082,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Synovus Financial Corp lifted its position in Oshkosh by 0.4% during the 4th quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock worth $2,886,000 after buying an additional 106 shares in the last quarter. Coppell Advisory Solutions LLC increased its holdings in shares of Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after acquiring an additional 110 shares in the last quarter. Blue Trust Inc. lifted its stake 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 buying an additional 138 shares in the last quarter. Carolina Wealth Advisors LLC raised its holdings in shares of Oshkosh by 2.5% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company's stock worth $576,000 after acquiring an additional 146 shares during the period. Finally, Private Advisor Group LLC raised its stake in shares of Oshkosh by 4.0% in the 4th quarter. Private Advisor Group LLC now owns 3,923 shares of the company's stock valued at $373,000 after purchasing an additional 152 shares during the period. 92.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OSK. DA Davidson reduced their target price on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Robert W. Baird cut their price objective on Oshkosh from $163.00 to $135.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Bank of America increased their price target on Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. Morgan Stanley reduced their price objective on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Truist Financial cut their price objective on shares of Oshkosh from $94.00 to $93.00 and set a "hold" rating for the company in a report on Thursday, May 1st. 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 company. According to data from MarketBeat, Oshkosh presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.64.

Oshkosh Stock Performance

Oshkosh stock traded up $0.34 during mid-day trading on Wednesday, reaching $88.60. 452,818 shares of the company's stock were exchanged, compared to its average volume of 612,571. The firm has a market capitalization of $5.70 billion, a PE ratio of 8.56, a P/E/G ratio of 1.45 and a beta of 1.37. The business's fifty day simple moving average is $90.93 and its 200 day simple moving average is $99.23. 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 one year low of $76.82 and a one year high of $123.25.

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

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders 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 2.30%. Oshkosh's dividend payout ratio (DPR) is currently 21.79%.

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.