Fox Run Management L.L.C. Sells 10,971 Shares of Oshkosh Co. (NYSE:OSK)

Fox Run Management L.L.C. cut its stake in Oshkosh Co. (NYSE:OSK) by 76.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,421 shares of the company’s stock after selling 10,971 shares during the quarter. Fox Run Management L.L.C.’s holdings in Oshkosh were worth $325,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in Oshkosh by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock worth $68,561,000 after acquiring an additional 4,974 shares during the last quarter. Cerity Partners LLC lifted its holdings in Oshkosh by 32.9% during the 3rd quarter. Cerity Partners LLC now owns 46,879 shares of the company’s stock worth $4,698,000 after purchasing an additional 11,601 shares during the last quarter. Bank of Montreal Can boosted its stake in Oshkosh by 34.9% in the 3rd quarter. Bank of Montreal Can now owns 33,691 shares of the company’s stock valued at $3,376,000 after purchasing an additional 8,721 shares during the period. FMR LLC grew its holdings in Oshkosh by 3.3% in the 3rd quarter. FMR LLC now owns 1,223,891 shares of the company’s stock valued at $122,646,000 after buying an additional 39,235 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Oshkosh during the 3rd quarter worth $4,778,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

OSK has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. KeyCorp boosted their price objective on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Raymond James raised their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Bank of America boosted their price target on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. lowered their price objective on Oshkosh from $127.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Oshkosh has a consensus rating of “Hold” and a consensus price target of $124.38.

Oshkosh Stock Down 1.1 %

OSK stock opened at $98.04 on Thursday. The stock has a market capitalization of $6.33 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. 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 50-day moving average price of $101.78 and a 200-day moving average price of $102.30. Oshkosh Co. has a 12 month low of $89.08 and a 12 month high of $127.98.

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

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a $0.51 dividend. The ex-dividend date was Friday, February 14th. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.08%. Oshkosh’s dividend payout ratio (DPR) is currently 19.71%.

Oshkosh Company 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.