Townsquare Capital LLC Sells 175 Shares of Oshkosh Co. (NYSE:OSK)

Townsquare Capital LLC reduced its position in shares of Oshkosh Co. (NYSE:OSK) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,649 shares of the company’s stock after selling 175 shares during the quarter. Townsquare Capital LLC’s holdings in Oshkosh were worth $822,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Oshkosh during the fourth quarter worth approximately $72,692,000. American Century Companies Inc. raised its stake in Oshkosh by 23.3% in the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock valued at $193,031,000 after acquiring an additional 384,141 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Oshkosh during the 4th quarter valued at $23,285,000. Vanguard Group Inc. boosted its position in Oshkosh by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company’s stock worth $774,035,000 after purchasing an additional 176,400 shares during the period. Finally, FMR LLC increased its holdings in shares of Oshkosh by 13.0% in the fourth quarter. FMR LLC now owns 1,383,558 shares of the company’s stock valued at $131,535,000 after purchasing an additional 159,667 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OSK. Citigroup decreased their price target on shares of Oshkosh from $130.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. UBS Group decreased their target price on Oshkosh from $137.00 to $97.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Morgan Stanley reduced their price target on Oshkosh from $110.00 to $91.00 and set an “equal weight” rating for the company in a research note on Wednesday. Raymond James increased their price objective on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group reduced their target price on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $114.62.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $84.42 on Friday. The company has a 50 day moving average of $95.56 and a 200-day moving average of $100.55. The company has a market cap of $5.46 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 1-year low of $76.82 and a 1-year high of $125.00.

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

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a dividend of $0.51 per share. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 annualized dividend and a yield of 2.42%. Oshkosh’s payout ratio is presently 19.71%.

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.