MassMutual Private Wealth & Trust FSB Sells 1,248 Shares of Oshkosh Co. (NYSE:OSK)

MassMutual Private Wealth & Trust FSB trimmed its position in Oshkosh Co. (NYSE:OSK) by 29.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,051 shares of the company’s stock after selling 1,248 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Oshkosh were worth $290,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Oshkosh during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group bought a new position in Oshkosh in the third quarter valued at $34,000. International Assets Investment Management LLC increased its stake in Oshkosh by 9,922.2% in the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after buying an additional 893 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Oshkosh by 35.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after buying an additional 262 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Oshkosh by 15.2% during the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $167,000 after buying an additional 220 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Truist Financial dropped their target price on Oshkosh from $116.00 to $109.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. cut their price objective on Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Robert W. Baird lowered their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Citigroup cut their price target on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, UBS Group cut their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Oshkosh presently has an average rating of “Hold” and an average target price of $121.77.

Oshkosh Stock Down 1.2 %

OSK opened at $96.10 on Thursday. The stock has a fifty day moving average of $100.86 and a 200-day moving average of $103.26. The company has a market capitalization of $6.25 billion, a P/E ratio of 9.33, a P/E/G ratio of 1.01 and a beta of 1.21. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. On average, equities analysts expect that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s dividend payout ratio is currently 17.86%.

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.