Livforsakringsbolaget Skandia Omsesidigt Cuts Position in Oshkosh Co. (NYSE:OSK)

Livforsakringsbolaget Skandia Omsesidigt lowered its position in shares of Oshkosh Co. (NYSE:OSK) by 17.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,900 shares of the company’s stock after selling 2,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Oshkosh were worth $1,130,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OSK. Greenhaven Associates Inc. increased its position in shares of Oshkosh by 0.6% in the fourth quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock worth $242,629,000 after acquiring an additional 15,622 shares in the last quarter. FMR LLC boosted its position in Oshkosh by 3.3% during the 3rd quarter. FMR LLC now owns 1,223,891 shares of the company’s stock worth $122,646,000 after purchasing an additional 39,235 shares during the period. Geode Capital Management LLC increased its holdings in Oshkosh by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock valued at $109,250,000 after purchasing an additional 10,357 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Oshkosh by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock valued at $68,561,000 after purchasing an additional 4,974 shares during the period. Finally, Equity Investment Corp lifted its stake in shares of Oshkosh by 1.5% during the third quarter. Equity Investment Corp now owns 588,884 shares of the company’s stock worth $59,012,000 after purchasing an additional 8,611 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group raised their target price on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a report on Monday. Morgan Stanley boosted their target price on shares of Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Monday. Robert W. Baird cut their price objective 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. Raymond James raised their target price on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price target on Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.00.

Oshkosh Trading Up 0.8 %

Oshkosh stock opened at $111.54 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. Oshkosh Co. has a 1 year low of $89.08 and a 1 year high of $127.98. The firm’s 50-day moving average is $99.64 and its 200-day moving average is $103.12. The company has a market cap of $7.26 billion, a P/E ratio of 10.78, a PEG ratio of 1.97 and a beta of 1.22.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. On average, equities analysts expect that Oshkosh Co. will post 11 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.83%. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 14th. Oshkosh’s dividend payout ratio (DPR) is presently 17.78%.

Oshkosh 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.