Magnetar Financial LLC Cuts Stock Position in Oshkosh Co. (NYSE:OSK)

Magnetar Financial LLC trimmed its position in shares of Oshkosh Co. (NYSE:OSK) by 93.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,404 shares of the company’s stock after selling 49,111 shares during the period. Magnetar Financial LLC’s holdings in Oshkosh were worth $324,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in OSK. Blue Trust Inc. increased its stake in shares of Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after buying an additional 138 shares during the period. Hager Investment Management Services LLC purchased a new stake in shares of Oshkosh during the fourth quarter worth approximately $32,000. Brooklyn Investment Group purchased a new stake in shares of Oshkosh during the third quarter worth approximately $34,000. Proficio Capital Partners LLC purchased a new stake in shares of Oshkosh during the fourth quarter worth approximately $34,000. Finally, V Square Quantitative Management LLC increased its stake in shares of Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after buying an additional 157 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Price Performance

OSK stock opened at $95.75 on Friday. The company has a market capitalization of $6.18 billion, a P/E ratio of 9.25, a PEG ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a twelve month low of $89.08 and a twelve month high of $127.98. The business has a 50 day simple moving average of $101.44 and a 200-day simple moving average of $102.31. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14.

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

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend 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 dividend yield of 2.13%. Oshkosh’s dividend payout ratio (DPR) is currently 19.71%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Oshkosh from $127.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. Evercore ISI upped their price target on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Morgan Stanley upped their price target on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Citigroup lowered their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, UBS Group upped their price target on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $124.38.

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.