Corient Private Wealth LLC Sells 3,995 Shares of Oshkosh Co. (NYSE:OSK)

Corient Private Wealth LLC reduced its stake in Oshkosh Co. (NYSE:OSK) by 7.7% in the 4th quarter, HoldingsChannel reports. The firm owned 48,024 shares of the company’s stock after selling 3,995 shares during the quarter. Corient Private Wealth LLC’s holdings in Oshkosh were worth $4,566,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of Oshkosh during the 4th quarter worth about $32,000. Brooklyn Investment Group bought a new position in shares of Oshkosh during the 3rd quarter worth about $34,000. V Square Quantitative Management LLC boosted its position in shares of Oshkosh by 64.1% during the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after purchasing an additional 157 shares in the last quarter. Finally, Bank of Jackson Hole Trust bought a new position in shares of Oshkosh during the 4th quarter worth about $44,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Trading Down 2.0 %

NYSE:OSK opened at $95.75 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. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a 52 week low of $89.08 and a 52 week high of $127.98. The firm has a 50-day moving average price of $101.44 and a two-hundred day moving average price of $102.31.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, equities analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.13%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio (DPR) is presently 19.71%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OSK. The Goldman Sachs Group cut their price objective on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a research report on Wednesday. Citigroup lowered their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. KeyCorp upped their target price on shares of Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Truist Financial upped their target price on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Finally, UBS Group upped their target price on shares of Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $124.38.

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.