Baird Financial Group Inc. Sells 1,406 Shares of Oshkosh Co. (NYSE:OSK)

Baird Financial Group Inc. lowered its holdings in Oshkosh Co. (NYSE:OSK) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,891 shares of the company’s stock after selling 1,406 shares during the quarter. Baird Financial Group Inc. owned about 0.06% of Oshkosh worth $3,507,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Synovus Financial Corp raised its holdings in shares of Oshkosh by 0.4% in the 4th quarter. Synovus Financial Corp now owns 30,357 shares of the company’s stock worth $2,886,000 after acquiring an additional 106 shares during the last quarter. Coppell Advisory Solutions LLC raised its position in Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after buying an additional 110 shares during the last quarter. Blue Trust Inc. lifted its stake in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares in the last quarter. Carolina Wealth Advisors LLC boosted its holdings in Oshkosh by 2.5% during the 4th quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company’s stock worth $576,000 after acquiring an additional 146 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Oshkosh by 4.0% during the fourth quarter. Private Advisor Group LLC now owns 3,923 shares of the company’s stock valued at $373,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Trading Up 0.9 %

Oshkosh stock opened at $91.95 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. Oshkosh Co. has a fifty-two week low of $76.82 and a fifty-two week high of $123.25. The stock has a market cap of $5.92 billion, a P/E ratio of 8.88, a PEG ratio of 1.45 and a beta of 1.37. The firm’s fifty day moving average price is $90.46 and its 200-day moving average price is $98.94.

Oshkosh (NYSE:OSK) last issued 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). The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.42 billion. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.89 EPS. Equities research analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.04 annualized dividend and a yield of 2.22%. Oshkosh’s dividend payout ratio (DPR) is presently 21.79%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on OSK shares. Morgan Stanley reduced their price objective on shares of Oshkosh from $110.00 to $91.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Bank of America lifted their price target on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. Raymond James raised their target price on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Citigroup reissued a “buy” rating and issued a $105.00 price target (up from $95.00) on shares of Oshkosh in a report on Tuesday. Finally, The Goldman Sachs Group decreased their price target on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.64.

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.