Oshkosh Co. (NYSE:OSK) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 61.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,558 shares of the company's stock after selling 16,554 shares during the quarter. Russell Investments Group Ltd.'s holdings in Oshkosh were worth $1,004,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Barclays PLC boosted its position in Oshkosh by 40.9% during the 3rd quarter. Barclays PLC now owns 111,710 shares of the company's stock worth $11,192,000 after purchasing an additional 32,435 shares during the period. Virtu Financial LLC purchased a new stake in shares of Oshkosh during the 3rd quarter valued at about $504,000. Tidal Investments LLC lifted its position in Oshkosh by 8.3% during the 3rd quarter. Tidal Investments LLC now owns 10,841 shares of the company's stock worth $1,086,000 after acquiring an additional 827 shares in the last quarter. Synovus Financial Corp boosted its holdings in Oshkosh by 10.5% in the 3rd quarter. Synovus Financial Corp now owns 30,251 shares of the company's stock worth $3,031,000 after acquiring an additional 2,865 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in Oshkosh in the third quarter valued at approximately $532,000. Institutional investors and hedge funds own 92.36% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on OSK shares. Evercore ISI boosted their target price on shares of Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Raymond James boosted their price target on Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Bank of America raised their price objective on Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. UBS Group cut their target price on Oshkosh from $137.00 to $97.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, KeyCorp cut their price target on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $115.00.

Oshkosh Stock Performance

OSK traded up $0.20 during trading on Friday, reaching $88.91. 1,064,498 shares of the company were exchanged, compared to its average volume of 597,324. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The stock has a market cap of $5.75 billion, a P/E ratio of 8.59, a PEG ratio of 1.45 and a beta of 1.26. Oshkosh Co. has a 52 week low of $76.82 and a 52 week high of $123.25. The firm has a 50 day moving average of $93.30 and a 200 day moving average of $100.04.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, sell-side analysts forecast that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Friday, February 14th. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's payout ratio is 19.71%.

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.