Two Sigma Advisers LP Trims Stock Position in Oshkosh Co. (NYSE:OSK)

Two Sigma Advisers LP cut its position in shares of Oshkosh Co. (NYSE:OSK) by 31.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,800 shares of the company’s stock after selling 37,900 shares during the period. Two Sigma Advisers LP owned 0.12% of Oshkosh worth $7,682,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of OSK. Blue Trust Inc. lifted its holdings in Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after purchasing an additional 138 shares in the last quarter. Coppell Advisory Solutions LLC boosted its holdings in Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after acquiring an additional 110 shares during the period. Hager Investment Management Services LLC purchased a new stake in Oshkosh during the 4th quarter worth approximately $32,000. Proficio Capital Partners LLC purchased a new position in Oshkosh in the 4th quarter valued at approximately $34,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after acquiring an additional 157 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

OSK opened at $97.90 on Friday. Oshkosh Co. has a twelve month low of $76.82 and a twelve month high of $118.39. The stock has a market cap of $6.30 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. The business’s 50 day moving average is $91.19 and its 200-day moving average is $98.62. 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 (NYSE:OSK) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.10). Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the firm posted $2.89 EPS. The company’s revenue was down 9.1% compared to the same quarter last year. On average, analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.04 annualized dividend and a yield of 2.08%. Oshkosh’s payout ratio is 21.79%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Bank of America upped their price objective on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. Truist Financial decreased their target price on shares of Oshkosh from $94.00 to $93.00 and set a “hold” rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group dropped their price objective on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Citigroup reissued a “buy” rating and set a $105.00 target price (up from $95.00) on shares of Oshkosh in a research note on Tuesday, May 6th. Finally, Morgan Stanley lowered their target price on shares of 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 given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh has a consensus rating of “Moderate Buy” and an average price target of $114.93.

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.