ClariVest Asset Management LLC Reduces Stock Holdings in Oshkosh Co. (NYSE:OSK)

ClariVest Asset Management LLC cut its holdings in Oshkosh Co. (NYSE:OSK) by 69.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,342 shares of the company’s stock after selling 35,695 shares during the period. ClariVest Asset Management LLC’s holdings in Oshkosh were worth $1,913,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in OSK. LSV Asset Management increased its position in Oshkosh by 410.6% during the 4th quarter. LSV Asset Management now owns 1,848,390 shares of the company’s stock worth $200,384,000 after purchasing an additional 1,486,402 shares in the last quarter. Norges Bank acquired a new position in shares of Oshkosh in the fourth quarter valued at approximately $83,524,000. Assenagon Asset Management S.A. lifted its stake in shares of Oshkosh by 1,374.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 257,142 shares of the company’s stock valued at $27,877,000 after buying an additional 239,707 shares during the period. Hennessy Advisors Inc. acquired a new stake in Oshkosh during the fourth quarter worth approximately $23,926,000. Finally, Vanguard Group Inc. grew its stake in Oshkosh by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 7,130,466 shares of the company’s stock worth $773,014,000 after acquiring an additional 219,375 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OSK has been the topic of several analyst reports. StockNews.com cut Oshkosh from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Raymond James assumed coverage on Oshkosh in a report on Friday, June 28th. They issued an “outperform” rating and a $125.00 price target for the company. Bank of America increased their price objective on shares of Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a report on Tuesday, May 28th. Citigroup initiated coverage on shares of Oshkosh in a report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 target price for the company. Finally, Robert W. Baird increased their price target on shares of Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Oshkosh currently has a consensus rating of “Hold” and a consensus price target of $124.82.

Oshkosh Stock Up 1.5 %

OSK traded up $1.62 during trading hours on Friday, reaching $108.03. 343,785 shares of the stock traded hands, compared to its average volume of 474,092. Oshkosh Co. has a fifty-two week low of $86.10 and a fifty-two week high of $127.98. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.09 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. The firm’s fifty day simple moving average is $110.99 and its two-hundred day simple moving average is $112.77.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share 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 company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the firm earned $1.59 earnings per share. The company’s revenue was up 12.2% on a year-over-year basis. As a group, analysts forecast that Oshkosh Co. will post 11.21 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were given a $0.46 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.84 annualized dividend and a dividend yield of 1.70%. Oshkosh’s payout ratio is 17.61%.

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.