Wealth Enhancement Advisory Services LLC Sells 288 Shares of Oshkosh Co. (NYSE:OSK)

Wealth Enhancement Advisory Services LLC lessened its stake in Oshkosh Co. (NYSE:OSK) by 2.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 10,816 shares of the company’s stock after selling 288 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Oshkosh were worth $1,084,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Oshkosh by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock valued at $978,797,000 after purchasing an additional 718,122 shares in the last quarter. Greenhaven Associates Inc. boosted its position in shares of Oshkosh by 0.8% during the 3rd quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock valued at $254,181,000 after purchasing an additional 19,442 shares in the last quarter. LSV Asset Management boosted its position in shares of Oshkosh by 5.5% during the 1st quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock valued at $243,274,000 after purchasing an additional 102,330 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Oshkosh by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock valued at $196,370,000 after purchasing an additional 78,235 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Oshkosh by 19.6% during the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after purchasing an additional 235,496 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $105.15 on Wednesday. The company has a market cap of $6.84 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 1.01 and a beta of 1.18. Oshkosh Co. has a 52 week low of $90.56 and a 52 week high of $127.98. The business has a 50 day moving average price of $102.64 and a 200-day moving average price of $107.43. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Equities analysts anticipate that Oshkosh Co. will post 11.38 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, November 15th. Oshkosh’s payout ratio is 17.86%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Stifel Nicolaus cut their target price on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Evercore ISI cut their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Robert W. Baird dropped their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their price target on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, Jefferies Financial Group dropped their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $123.14.

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.