Shell Asset Management Co. Sells 3,290 Shares of Oshkosh Corporation $OSK

Shell Asset Management Co. trimmed its stake in shares of Oshkosh Corporation (NYSE:OSK) by 60.1% in the third quarter, HoldingsChannel.com reports. The fund owned 2,187 shares of the company’s stock after selling 3,290 shares during the quarter. Shell Asset Management Co.’s holdings in Oshkosh were worth $284,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Oshkosh in the second quarter valued at about $98,570,000. American Century Companies Inc. increased its holdings in Oshkosh by 22.8% in the 2nd quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after buying an additional 529,907 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Oshkosh by 25.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock worth $193,728,000 after acquiring an additional 345,782 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Oshkosh by 1,245.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 217,365 shares of the company’s stock worth $28,192,000 after acquiring an additional 201,209 shares in the last quarter. Finally, Amundi increased its stake in Oshkosh by 616.7% in the second quarter. Amundi now owns 224,765 shares of the company’s stock valued at $27,529,000 after acquiring an additional 193,406 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $168.44 on Wednesday. The business has a 50-day moving average price of $146.57 and a two-hundred day moving average price of $137.23. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $180.49. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. The company has a market cap of $10.65 billion, a P/E ratio of 16.81, a PEG ratio of 0.87 and a beta of 1.43.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the firm earned $2.58 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.57 per share. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.4%. Oshkosh’s payout ratio is 20.36%.

Wall Street Analysts Forecast Growth

OSK has been the subject of several recent analyst reports. Barclays started coverage on Oshkosh in a research note on Tuesday, November 25th. They set an “overweight” rating and a $150.00 target price for the company. UBS Group reissued a “buy” rating and set a $167.00 price target on shares of Oshkosh in a report on Friday, January 30th. Bank of America upgraded Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price objective for the company in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. lifted their target price on Oshkosh from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Finally, Sanford C. Bernstein boosted their target price on Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, December 19th. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and an average target price of $159.60.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.