Brandywine Global Investment Management LLC trimmed its stake in shares of Oshkosh Co. (NYSE:OSK) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,080 shares of the company’s stock after selling 2,157 shares during the period. Brandywine Global Investment Management LLC owned about 0.07% of Oshkosh worth $6,242,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in OSK. Janus Henderson Group PLC acquired a new position in Oshkosh in the 1st quarter worth about $48,389,000. Panagora Asset Management Inc. boosted its stake in Oshkosh by 517.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 477,291 shares of the company’s stock valued at $59,490,000 after purchasing an additional 399,960 shares during the period. JPMorgan Chase & Co. boosted its stake in Oshkosh by 137.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 607,865 shares of the company’s stock valued at $75,763,000 after purchasing an additional 351,666 shares during the period. FMR LLC boosted its stake in Oshkosh by 6.5% during the 2nd quarter. FMR LLC now owns 5,014,961 shares of the company’s stock valued at $625,065,000 after purchasing an additional 306,413 shares during the period. Finally, Amundi Asset Management US Inc. lifted its position in shares of Oshkosh by 71.1% in the 1st quarter. Amundi Asset Management US Inc. now owns 669,488 shares of the company’s stock worth $79,455,000 after acquiring an additional 278,228 shares during the period. 88.19% of the stock is owned by institutional investors and hedge funds.
NYSE OSK opened at $97.92 on Thursday. The stock has a fifty day moving average of $110.09 and a 200-day moving average of $119.49. The stock has a market capitalization of $6.72 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 0.97 and a beta of 1.53. Oshkosh Co. has a 52 week low of $66.74 and a 52 week high of $137.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.47 and a current ratio of 2.10.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 30th. Investors of record on Monday, August 16th were paid a dividend of $0.33 per share. The ex-dividend date was Friday, August 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.35%. Oshkosh’s dividend payout ratio (DPR) is presently 26.72%.
OSK has been the subject of several analyst reports. Robert W. Baird restated a “buy” rating on shares of Oshkosh in a research report on Tuesday. Morgan Stanley cut their target price on Oshkosh from $148.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday. Citigroup raised their target price on Oshkosh from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research raised Oshkosh from a “sell” rating to a “hold” rating and set a $113.00 price target for the company in a report on Monday, September 13th. Finally, The Goldman Sachs Group cut Oshkosh from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, August 24th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $129.33.
Oshkosh Corp. engages in the design, manufacture, and market of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment, Defense, Fire & Emergency, and Commercial. The Access Equipment segment consists of JerrDan and JLG, which manufactures aerial work platforms; and telehandlers that are used in construction, industrial, institutional, and general maintenance applications to position workers and materials at elevated heights.
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