Truist Financial Corp Sells 12,975 Shares of Oshkosh Co. (NYSE:OSK)

Truist Financial Corp trimmed its stake in shares of Oshkosh Co. (NYSE:OSK) by 10.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 105,812 shares of the company’s stock after selling 12,975 shares during the quarter. Truist Financial Corp’s holdings in Oshkosh were worth $11,471,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Greenhaven Associates Inc. boosted its stake in shares of Oshkosh by 0.5% during the fourth quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company’s stock valued at $267,750,000 after purchasing an additional 11,100 shares during the period. Invesco Ltd. raised its holdings in Oshkosh by 2.0% during the 3rd quarter. Invesco Ltd. now owns 857,911 shares of the company’s stock valued at $81,870,000 after buying an additional 16,919 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Oshkosh by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 650,427 shares of the company’s stock valued at $62,070,000 after buying an additional 14,522 shares during the period. Equity Investment Corp grew its holdings in Oshkosh by 3.4% in the 3rd quarter. Equity Investment Corp now owns 583,506 shares of the company’s stock worth $55,684,000 after acquiring an additional 19,269 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Oshkosh by 58.0% in the third quarter. AQR Capital Management LLC now owns 430,806 shares of the company’s stock valued at $41,112,000 after acquiring an additional 158,115 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley began coverage on shares of Oshkosh in a report on Monday, January 8th. They set an “equal weight” rating and a $102.00 target price for the company. TheStreet upgraded Oshkosh from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Truist Financial boosted their target price on Oshkosh from $121.00 to $132.00 and gave the company a “hold” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. raised their price target on Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, StockNews.com cut shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and a consensus price target of $123.50.

Oshkosh Price Performance

Shares of OSK opened at $112.81 on Thursday. Oshkosh Co. has a fifty-two week low of $72.09 and a fifty-two week high of $127.98. The firm’s 50-day simple moving average is $117.76 and its two-hundred day simple moving average is $107.54. The stock has a market cap of $7.38 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.19 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.43.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.63. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.59 EPS. Analysts anticipate that Oshkosh Co. will post 11.11 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, May 10th. Oshkosh’s payout ratio is 17.61%.

Insider Activity at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the transaction, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is currently owned by insiders.

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.