Renaissance Technologies LLC Decreases Stake in Oshkosh Co. (NYSE:OSK)

Renaissance Technologies LLC lowered its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 68.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,600 shares of the company's stock after selling 84,700 shares during the quarter. Renaissance Technologies LLC owned approximately 0.06% of Oshkosh worth $3,670,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in OSK. Blue Trust Inc. raised its holdings in Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after buying an additional 138 shares during the last quarter. Carolina Wealth Advisors LLC raised its holdings in Oshkosh by 2.5% in the 4th 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 during the last quarter. Private Advisor Group LLC raised its holdings in 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 buying an additional 152 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in Oshkosh by 64.1% in the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock valued at $38,000 after buying an additional 157 shares during the last quarter. Finally, Manchester Capital Management LLC raised its holdings in Oshkosh by 11.1% in the 4th quarter. Manchester Capital Management LLC now owns 2,143 shares of the company's stock valued at $204,000 after buying an additional 214 shares during the last quarter. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Up 0.1 %

Shares of OSK traded up $0.06 on Monday, reaching $88.84. The company's stock had a trading volume of 627,286 shares, compared to its average volume of 595,974. 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 twelve month low of $76.82 and a twelve month high of $123.25. The stock has a market capitalization of $5.74 billion, a PE ratio of 8.58, a PEG ratio of 1.45 and a beta of 1.26. The firm has a fifty day moving average of $92.88 and a 200-day moving average of $99.94.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. Equities analysts predict that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Friday, February 14th. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's dividend payout ratio is currently 19.71%.

Wall Street Analysts Forecast Growth

OSK has been the subject of a number of research reports. 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. Raymond James raised their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Truist Financial dropped their price target on shares of Oshkosh from $118.00 to $94.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group decreased their price objective on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, DA Davidson set a $120.00 target price on shares of Oshkosh in a report on Monday, April 21st. One equities 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 stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $115.00.

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.