Burney Co. Sells 10,038 Shares of Oshkosh Co. (NYSE:OSK)

Burney Co. lessened its position in shares of Oshkosh Co. (NYSE:OSK) by 18.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,418 shares of the company’s stock after selling 10,038 shares during the period. Burney Co. owned about 0.07% of Oshkosh worth $4,318,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its holdings in shares of Oshkosh by 3,329.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock valued at $24,073,000 after acquiring an additional 233,218 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Oshkosh in the 2nd quarter valued at about $11,368,000. BNP Paribas Financial Markets grew its holdings in shares of Oshkosh by 154.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock valued at $16,044,000 after acquiring an additional 97,282 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Oshkosh by 15.9% in the 2nd quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock valued at $66,405,000 after acquiring an additional 85,698 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Oshkosh by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock valued at $196,370,000 after acquiring an additional 78,235 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Up 1.1 %

Shares of OSK stock opened at $94.03 on Thursday. The firm has a 50 day moving average price of $102.88 and a two-hundred day moving average price of $103.66. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $6.12 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 0.94 and a beta of 1.21. Oshkosh Co. has a 12-month low of $89.08 and a 12-month high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. As a group, analysts predict that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.96%. Oshkosh’s payout ratio is 17.86%.

Analyst Ratings Changes

OSK has been the subject of several analyst reports. Truist Financial raised their price objective on Oshkosh from $113.00 to $116.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Citigroup decreased their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday. Robert W. Baird cut their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. UBS Group cut their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their target price on shares of Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $122.31.

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.