MassMutual Private Wealth & Trust FSB Has $290,000 Stake in Oshkosh Co. (NYSE:OSK)

MassMutual Private Wealth & Trust FSB cut its position in Oshkosh Co. (NYSE:OSK) by 29.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,051 shares of the company’s stock after selling 1,248 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Oshkosh were worth $290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. 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 buying an additional 233,218 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Oshkosh by 154.9% during the third quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock worth $16,044,000 after acquiring an additional 97,282 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Oshkosh by 15.9% in the second quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock worth $66,405,000 after acquiring an additional 85,698 shares during the last quarter. Edgestream Partners L.P. boosted its stake in shares of Oshkosh by 704.3% in the 3rd quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock valued at $6,817,000 after purchasing an additional 59,566 shares in the last quarter. Finally, Holocene Advisors LP bought a new stake in shares of Oshkosh during the 3rd quarter valued at approximately $5,375,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Down 1.2 %

OSK opened at $96.10 on Thursday. The stock has a market cap of $6.25 billion, a PE ratio of 9.33, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a twelve month low of $89.08 and a twelve month high of $127.98. The company has a fifty day moving average of $100.86 and a 200-day moving average of $103.26.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data 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 company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. On average, sell-side analysts predict that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.46 per share. The ex-dividend date was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.91%. Oshkosh’s payout ratio is presently 17.86%.

Analysts Set New Price Targets

OSK has been the topic of a number of research analyst reports. UBS Group cut their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Robert W. Baird lowered their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Truist Financial dropped their target price on Oshkosh from $116.00 to $109.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price target on Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Citigroup dropped their price objective on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $121.77.

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.