Summit Global Investments Sells 11,709 Shares of Oshkosh Co. (NYSE:OSK)

Summit Global Investments lessened its holdings in shares of Oshkosh Co. (NYSE:OSK) by 65.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,114 shares of the company’s stock after selling 11,709 shares during the period. Summit Global Investments’ holdings in Oshkosh were worth $581,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in OSK. Blue Trust Inc. grew its holdings in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after acquiring an additional 138 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in shares of Oshkosh during the fourth quarter valued at approximately $32,000. Brooklyn Investment Group bought a new stake in shares of Oshkosh during the third quarter valued at approximately $34,000. Proficio Capital Partners LLC bought a new stake in shares of Oshkosh during the fourth quarter valued at approximately $34,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after purchasing an additional 157 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

OSK has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. KeyCorp raised their price target on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a report on Friday, January 31st. UBS Group raised their target price on shares of Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on shares of Oshkosh from $127.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. Finally, Bank of America raised their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $124.38.

Oshkosh Stock Performance

OSK stock opened at $95.75 on Monday. The business’s 50-day moving average price is $101.44 and its two-hundred day moving average price is $102.32. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The firm has a market cap of $6.18 billion, a PE ratio of 9.25, a P/E/G ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a 1-year low of $89.08 and a 1-year high of $127.98.

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

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.51 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 2.13%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s payout ratio is presently 19.71%.

Oshkosh 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.