Commonwealth Equity Services LLC Sells 1,631 Shares of Oshkosh Co. (NYSE:OSK)

Commonwealth Equity Services LLC trimmed its holdings in Oshkosh Co. (NYSE:OSK) by 5.3% in the 4th quarter, Holdings Channel reports. The fund owned 28,941 shares of the company’s stock after selling 1,631 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Oshkosh were worth $2,751,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Oshkosh by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock valued at $68,561,000 after purchasing an additional 4,974 shares in the last quarter. Cerity Partners LLC increased its position in Oshkosh by 32.9% during the 3rd quarter. Cerity Partners LLC now owns 46,879 shares of the company’s stock valued at $4,698,000 after buying an additional 11,601 shares in the last quarter. Bank of Montreal Can raised its stake in Oshkosh by 34.9% during the third quarter. Bank of Montreal Can now owns 33,691 shares of the company’s stock valued at $3,376,000 after buying an additional 8,721 shares during the last quarter. FMR LLC boosted its holdings in Oshkosh by 3.3% in the third quarter. FMR LLC now owns 1,223,891 shares of the company’s stock worth $122,646,000 after acquiring an additional 39,235 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Oshkosh in the third quarter worth $4,778,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on OSK. UBS Group upped their price target on shares of Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. KeyCorp increased their price target on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on Oshkosh from $127.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. Morgan Stanley lifted their target price on Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Finally, Evercore ISI upped their price target on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a report on Wednesday, February 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $124.38.

Oshkosh Stock Down 1.1 %

Shares of OSK stock opened at $98.04 on Thursday. The company has a 50 day simple moving average of $101.78 and a two-hundred day simple moving average of $102.30. The stock has a market cap of $6.33 billion, a P/E ratio of 9.47, a P/E/G ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a 12 month low of $89.08 and a 12 month high of $127.98. 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 earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. On average, research analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.08%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh’s dividend payout ratio is currently 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.