Russell Investments Group Ltd. Has $1 Million Position in Oshkosh Co. (NYSE:OSK)

Russell Investments Group Ltd. cut its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 61.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,558 shares of the company's stock after selling 16,554 shares during the quarter. Russell Investments Group Ltd.'s holdings in Oshkosh were worth $1,004,000 at the end of the most recent quarter.

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Several other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after purchasing an additional 138 shares during the period. Hager Investment Management Services LLC acquired a new position in Oshkosh during the fourth quarter worth $32,000. Proficio Capital Partners LLC bought a new position in shares of Oshkosh during the fourth quarter valued at $34,000. V Square Quantitative Management LLC boosted its stake in shares of Oshkosh by 64.1% in the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock valued at $38,000 after purchasing an additional 157 shares in the last quarter. Finally, Twin Tree Management LP bought a new stake in shares of Oshkosh in the 4th quarter worth about $41,000. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Stock Performance

Shares of NYSE:OSK opened at $81.82 on Tuesday. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 1.45 and a beta of 1.26. The firm's 50 day simple moving average is $95.04 and its 200 day simple moving average is $100.43. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. Oshkosh Co. has a fifty-two week low of $76.82 and a fifty-two week high of $125.00.

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Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.58 EPS 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, sell-side analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.49%. This is a boost from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh's dividend payout ratio is presently 19.71%.

Analyst Upgrades and Downgrades

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OSK has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Oshkosh from $117.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group cut their price objective on Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. UBS Group decreased their target price on Oshkosh from $137.00 to $97.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Bank of America upped their price target on shares of Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a research report on Monday, February 10th. Finally, Evercore ISI boosted their target price on shares of Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $114.62.

Read Our Latest Stock Analysis on OSK

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.

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