Wedge Capital Management L L P NC Has $10.61 Million Stock Position in Oshkosh Co. (NYSE:OSK)

Wedge Capital Management L L P NC cut its holdings in shares of Oshkosh Co. (NYSE:OSK) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,618 shares of the company’s stock after selling 7,384 shares during the quarter. Wedge Capital Management L L P NC owned about 0.17% of Oshkosh worth $10,612,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Oshkosh by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock worth $19,632,000 after purchasing an additional 28,478 shares during the last quarter. Virtu Financial LLC acquired a new stake in Oshkosh during the third quarter worth about $504,000. Barclays PLC increased its stake in Oshkosh by 40.9% during the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock valued at $11,192,000 after acquiring an additional 32,435 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in Oshkosh by 57.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock valued at $2,023,000 after acquiring an additional 7,334 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its position in shares of Oshkosh by 3.4% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock worth $14,144,000 after acquiring an additional 4,680 shares during the period. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Up 1.1 %

Shares of NYSE:OSK opened at $95.55 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The firm has a market cap of $6.22 billion, a P/E ratio of 9.28, a P/E/G ratio of 0.94 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’s 50-day moving average price is $101.77 and its two-hundred day moving average price is $103.44.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. As a group, research analysts forecast that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.93%. The ex-dividend date was Friday, November 15th. Oshkosh’s dividend payout ratio is 17.86%.

Analyst Ratings Changes

Several research analysts recently commented on OSK shares. JPMorgan Chase & Co. reduced their target price on Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Citigroup decreased their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Robert W. Baird dropped their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Truist Financial decreased their price objective on Oshkosh from $116.00 to $109.00 and set a “hold” rating on the stock in a report on Thursday. Finally, UBS Group decreased their price target on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $121.77.

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.