Oshkosh Co. (NYSE:OSK) Shares Sold by Axa S.A.

AXA S.A. reduced its holdings in Oshkosh Co. (NYSE:OSK - Free Report) by 45.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,972 shares of the company's stock after selling 31,265 shares during the quarter. AXA S.A. owned about 0.06% of Oshkosh worth $3,610,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC raised its position in shares of Oshkosh by 40.9% in the 3rd quarter. Barclays PLC now owns 111,710 shares of the company's stock worth $11,192,000 after acquiring an additional 32,435 shares in the last quarter. Tidal Investments LLC lifted its position in Oshkosh by 8.3% during the third quarter. Tidal Investments LLC now owns 10,841 shares of the company's stock valued at $1,086,000 after buying an additional 827 shares during the period. Franklin Resources Inc. bought a new stake in shares of Oshkosh during the 3rd quarter valued at $532,000. JPMorgan Chase & Co. grew its position in shares of Oshkosh by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company's stock worth $19,632,000 after buying an additional 28,478 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Oshkosh by 29.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company's stock worth $29,675,000 after acquiring an additional 71,911 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

OSK traded up $0.78 on Friday, reaching $91.95. The stock had a trading volume of 660,562 shares, compared to its average volume of 615,722. The business's 50-day moving average price is $90.46 and its two-hundred day moving average price is $98.94. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 12-month low of $76.82 and a 12-month high of $123.25. The company has a market cap of $5.92 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). The company 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%. Oshkosh's revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.89 EPS. Sell-side analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, May 16th. This represents a $2.04 annualized dividend and a yield of 2.22%. Oshkosh's dividend payout ratio (DPR) is currently 21.79%.

Wall Street Analyst Weigh In

OSK has been the topic of several analyst reports. Morgan Stanley dropped their target price on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Bank of America raised their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. The Goldman Sachs Group dropped their target price on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Citigroup restated a "buy" rating and issued a $105.00 price objective (up from $95.00) on shares of Oshkosh in a report on Tuesday, May 6th. Finally, Truist Financial reduced their target price on Oshkosh from $94.00 to $93.00 and set a "hold" rating for the company in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Oshkosh has an average rating of "Moderate Buy" and an average price target of $112.64.

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.