Teachers Retirement System of The State of Kentucky Sells 570 Shares of Oshkosh Co. (NYSE:OSK)

Teachers Retirement System of The State of Kentucky decreased its holdings in Oshkosh Co. (NYSE:OSK) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,825 shares of the company’s stock after selling 570 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Oshkosh were worth $2,087,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AE Wealth Management LLC grew its position in shares of Oshkosh by 7.3% in the 2nd quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock valued at $202,000 after buying an additional 127 shares during the last quarter. KBC Group NV boosted its holdings in Oshkosh by 15.2% in the third quarter. KBC Group NV now owns 1,666 shares of the company’s stock valued at $167,000 after acquiring an additional 220 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Oshkosh by 1.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 22,615 shares of the company’s stock valued at $2,447,000 after purchasing an additional 235 shares during the period. V Square Quantitative Management LLC bought a new position in Oshkosh during the 3rd quarter worth approximately $25,000. Finally, ABLE Financial Group LLC lifted its position in shares of Oshkosh by 4.6% in the 2nd quarter. ABLE Financial Group LLC now owns 5,635 shares of the company’s stock worth $610,000 after purchasing an additional 249 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Down 0.9 %

Shares of NYSE OSK opened at $99.09 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh Co. has a 1 year low of $93.34 and a 1 year high of $127.98. The stock has a market capitalization of $6.45 billion, a P/E ratio of 9.62, a P/E/G ratio of 0.98 and a beta of 1.19. The company has a 50-day moving average price of $107.32 and a 200-day moving average price of $105.78.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. On average, equities research analysts forecast that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.86%. The ex-dividend date was Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OSK. Truist Financial decreased their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price objective on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Robert W. Baird decreased their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Evercore ISI dropped their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, UBS Group reduced their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Oshkosh currently has an average rating of “Hold” and a consensus target price of $122.86.

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.