Jacobs Levy Equity Management Inc. Sells 3,658 Shares of Oshkosh Co. (NYSE:OSK)

Jacobs Levy Equity Management Inc. decreased its position in Oshkosh Co. (NYSE:OSK) by 26.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,200 shares of the company’s stock after selling 3,658 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Oshkosh were worth $970,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Oshkosh by 108.7% in the fourth 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. Coppell Advisory Solutions LLC increased its holdings in shares of Oshkosh by 52.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after acquiring an additional 110 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of Oshkosh during the fourth quarter valued at $32,000. V Square Quantitative Management LLC increased its holdings in shares of Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after acquiring an additional 157 shares in the last quarter. Finally, Twin Tree Management LP bought a new position in shares of Oshkosh during the fourth quarter valued at $41,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Up 2.0%

OSK stock opened at $102.13 on Friday. Oshkosh Co. has a twelve month low of $76.82 and a twelve month high of $119.05. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The stock has a market cap of $6.57 billion, a P/E ratio of 9.87, a PEG ratio of 1.45 and a beta of 1.37. The business’s 50-day moving average price is $90.77 and its 200-day moving average price is $98.76.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.10). Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the firm earned $2.89 earnings per share. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. On average, equities research analysts forecast that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.00%. Oshkosh’s payout ratio is currently 21.79%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Truist Financial reduced their price target on Oshkosh from $94.00 to $93.00 and set a “hold” rating for the company in a report on Thursday, May 1st. The Goldman Sachs Group reduced their price target on Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. KeyCorp reduced their price target on Oshkosh from $132.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Citigroup reaffirmed a “buy” rating and set a $105.00 price objective (up from $95.00) on shares of Oshkosh in a research report on Tuesday, May 6th. Finally, Morgan Stanley dropped their price objective on Oshkosh from $110.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.21.

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.