Corebridge Financial Inc. Lowers Stake in Oshkosh Co. (NYSE:OSK)

Corebridge Financial Inc. lowered its holdings in shares of Oshkosh Co. (NYSE:OSK) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,624 shares of the company’s stock after selling 3,344 shares during the period. Corebridge Financial Inc.’s holdings in Oshkosh were worth $6,999,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Oshkosh by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock worth $68,561,000 after buying an additional 4,974 shares during the last quarter. Cerity Partners LLC boosted its holdings in Oshkosh by 32.9% in the third quarter. Cerity Partners LLC now owns 46,879 shares of the company’s stock worth $4,698,000 after acquiring an additional 11,601 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Oshkosh by 34.9% in the third quarter. Bank of Montreal Can now owns 33,691 shares of the company’s stock worth $3,376,000 after acquiring an additional 8,721 shares during the last quarter. FMR LLC increased its holdings in shares of Oshkosh by 3.3% during the third quarter. FMR LLC now owns 1,223,891 shares of the company’s stock valued at $122,646,000 after acquiring an additional 39,235 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Oshkosh in the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on OSK. JPMorgan Chase & Co. cut their price objective on shares of Oshkosh from $127.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. Evercore ISI raised their price target on shares of Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Citigroup lowered their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Raymond James lifted their target price on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Bank of America boosted their price target on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $124.38.

Oshkosh Stock Down 2.8 %

OSK stock opened at $94.32 on Friday. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 9.11, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The business’s 50-day moving average is $101.81 and its two-hundred day moving average is $102.24. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. As a group, analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a dividend of $0.51 per share. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.16%. Oshkosh’s payout ratio is presently 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.