Alberta Investment Management Corp Sells 42,560 Shares of Oshkosh Co. (NYSE:OSK)

Alberta Investment Management Corp cut its holdings in shares of Oshkosh Co. (NYSE:OSK) by 86.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,800 shares of the company’s stock after selling 42,560 shares during the period. Alberta Investment Management Corp’s holdings in Oshkosh were worth $646,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. acquired a new stake in Oshkosh in the fourth quarter valued at approximately $23,285,000. Assenagon Asset Management S.A. boosted its stake in Oshkosh by 3,329.3% in the third 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. BNP Paribas Financial Markets boosted its stake in Oshkosh by 154.9% in the third 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. Edgestream Partners L.P. boosted its stake in Oshkosh by 704.3% in the third quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock valued at $6,817,000 after acquiring an additional 59,566 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in Oshkosh in the third quarter valued at approximately $5,375,000. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Trading Down 6.5 %

Shares of Oshkosh stock opened at $103.18 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The firm has a fifty day moving average price of $99.95 and a 200 day moving average price of $103.10. Oshkosh Co. has a 1 year low of $89.08 and a 1 year high of $127.98. The stock has a market cap of $6.71 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 1.45 and a beta of 1.23.

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

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be issued a $0.51 dividend. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.98%. Oshkosh’s payout ratio is presently 19.71%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Raymond James raised their target price on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. KeyCorp lifted their price objective on shares of Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Morgan Stanley lifted their price objective on shares of Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Bank of America lifted their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $126.23.

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.