Baker Ellis Asset Management LLC Has $3.27 Million Stake in Oshkosh Co. (NYSE:OSK)

Baker Ellis Asset Management LLC reduced its stake in Oshkosh Co. (NYSE:OSK) by 7.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,357 shares of the company’s stock after selling 2,735 shares during the period. Baker Ellis Asset Management LLC owned about 0.05% of Oshkosh worth $3,266,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AE Wealth Management LLC increased its position in Oshkosh by 7.3% during the 2nd quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock worth $202,000 after purchasing an additional 127 shares in the last quarter. Carolina Wealth Advisors LLC increased its position in Oshkosh by 2.5% during the 4th quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company’s stock worth $576,000 after purchasing an additional 146 shares in the last quarter. KBC Group NV increased its position in 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 purchasing an additional 220 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Oshkosh during the 3rd quarter worth approximately $25,000. Finally, Greenwich Wealth Management LLC increased its position in Oshkosh by 0.5% during the 3rd quarter. Greenwich Wealth Management LLC now owns 49,593 shares of the company’s stock worth $4,970,000 after purchasing an additional 253 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Oshkosh Stock Down 1.2 %

Shares of NYSE OSK opened at $96.10 on Thursday. The firm has a market cap of $6.25 billion, a PE ratio of 9.33, a P/E/G ratio of 1.03 and a beta of 1.21. Oshkosh Co. has a 12-month low of $89.08 and a 12-month high of $127.98. The company’s fifty day simple moving average is $100.86 and its 200 day simple moving average is $103.26. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. As a group, sell-side analysts forecast that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.91%. Oshkosh’s dividend payout ratio is currently 17.86%.

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.