Russell Investments Group Ltd. Sells 11,556 Shares of Oshkosh Co. (NYSE:OSK)

Russell Investments Group Ltd. cut its position in shares of Oshkosh Co. (NYSE:OSK) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,686 shares of the company’s stock after selling 11,556 shares during the period. Russell Investments Group Ltd.’s holdings in Oshkosh were worth $20,564,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC grew its position in Oshkosh by 8.4% in the third quarter. Commonwealth Equity Services LLC now owns 28,652 shares of the company’s stock valued at $2,734,000 after acquiring an additional 2,226 shares during the period. FinTrust Capital Advisors LLC bought a new stake in Oshkosh in the third quarter valued at $191,000. Baker Ellis Asset Management LLC grew its position in Oshkosh by 37.1% in the third quarter. Baker Ellis Asset Management LLC now owns 6,103 shares of the company’s stock valued at $582,000 after acquiring an additional 1,650 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Oshkosh by 15.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,854 shares of the company’s stock valued at $1,036,000 after acquiring an additional 1,473 shares during the period. Finally, BluePath Capital Management LLC bought a new stake in Oshkosh in the third quarter valued at $32,000. 92.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the transaction, the senior vice president now owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.64% of the company’s stock.

Oshkosh Trading Up 0.6 %

Shares of OSK opened at $113.42 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. Oshkosh Co. has a 12-month low of $72.09 and a 12-month high of $127.98. The firm has a market capitalization of $7.42 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30. The stock’s fifty day simple moving average is $117.84 and its 200-day simple moving average is $107.58.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.63. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, research analysts predict that Oshkosh Co. will post 11.16 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, May 10th. Oshkosh’s payout ratio is 17.61%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. The Goldman Sachs Group upped their price target on Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. increased their target price on Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Robert W. Baird increased their target price on Oshkosh from $140.00 to $158.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Stifel Nicolaus increased their target price on Oshkosh from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Citigroup increased their target price on Oshkosh from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.50.

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.