Quantinno Capital Management LP Raises Stock Holdings in Oshkosh Co. (NYSE:OSK)

Quantinno Capital Management LP raised its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 19.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,801 shares of the company's stock after acquiring an additional 11,972 shares during the period. Quantinno Capital Management LP owned approximately 0.11% of Oshkosh worth $6,921,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Oshkosh by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock worth $774,035,000 after acquiring an additional 176,400 shares during the last quarter. Greenhaven Associates Inc. boosted its position in shares of Oshkosh by 0.6% during the fourth quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company's stock valued at $242,629,000 after buying an additional 15,622 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Oshkosh by 9.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company's stock valued at $220,342,000 after buying an additional 206,377 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock valued at $193,031,000 after buying an additional 384,141 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Oshkosh by 13.0% during the fourth quarter. FMR LLC now owns 1,383,558 shares of the company's stock valued at $131,535,000 after buying an additional 159,667 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Down 0.4%

Shares of OSK stock traded down $0.43 during mid-day trading on Tuesday, hitting $102.25. The stock had a trading volume of 609,820 shares, compared to its average volume of 625,299. Oshkosh Co. has a 12-month low of $76.82 and a 12-month high of $118.90. The firm has a market capitalization of $6.58 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. The firm's 50-day moving average is $90.92 and its two-hundred day moving average is $98.68. 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 (NYSE:OSK - Get Free Report) last issued 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%. The firm had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.42 billion. During the same quarter in the prior year, the company posted $2.89 earnings per share. Oshkosh's quarterly revenue was down 9.1% compared to the same quarter last year. On average, analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, May 16th. Oshkosh's dividend payout ratio (DPR) is currently 21.79%.

Analyst Ratings Changes

Several research firms recently commented on OSK. UBS Group increased their price objective on Oshkosh from $99.00 to $119.00 and gave the company a "buy" rating in a research report on Friday. Bank of America raised their price objective on Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. decreased their target price on Oshkosh from $100.00 to $92.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. DA Davidson decreased their target price on Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Raymond James lifted their target price on Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. One research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $114.93.

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.