Retirement Systems of Alabama Has $8.73 Million Stock Position in Oshkosh Co. (NYSE:OSK)

Retirement Systems of Alabama trimmed its holdings in shares of Oshkosh Co. (NYSE:OSK) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,720 shares of the company’s stock after selling 1,423 shares during the period. Retirement Systems of Alabama’s holdings in Oshkosh were worth $8,734,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of OSK. Valley National Advisers Inc. grew its holdings in Oshkosh by 18.2% in the first quarter. Valley National Advisers Inc. now owns 623 shares of the company’s stock worth $77,000 after purchasing an additional 96 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Oshkosh by 41.2% during the 1st quarter. Venturi Wealth Management LLC now owns 449 shares of the company’s stock worth $56,000 after purchasing an additional 131 shares in the last quarter. US Bancorp DE grew its stake in shares of Oshkosh by 3.0% in the 1st quarter. US Bancorp DE now owns 4,522 shares of the company’s stock valued at $564,000 after buying an additional 132 shares during the period. Atlas Capital Advisors LLC increased its position in Oshkosh by 161.6% in the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after buying an additional 139 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Oshkosh by 26.2% during the 2nd quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock worth $79,000 after buying an additional 152 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Up 1.6 %

Oshkosh stock opened at $107.00 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $6.96 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.98 and a beta of 1.22. The firm has a 50 day moving average price of $105.94 and a 200-day moving average price of $112.33. Oshkosh Co. has a twelve month low of $86.10 and a twelve month high of $127.98.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period last year, the business posted $2.69 earnings per share. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, equities analysts predict that Oshkosh Co. will post 11.67 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, August 16th. This represents a $1.84 dividend on an annualized basis and a yield of 1.72%. Oshkosh’s dividend payout ratio is presently 17.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on OSK shares. Raymond James initiated coverage on Oshkosh in a research note on Friday, June 28th. They issued an “outperform” rating and a $125.00 price objective for the company. Citigroup began coverage on shares of Oshkosh in a report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 target price on the stock. Evercore ISI cut their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Jefferies Financial Group dropped their price objective on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Finally, Bank of America lifted 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $125.07.

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.