Shell Asset Management Co. Sells 185 Shares of Oshkosh Co. (NYSE:OSK)

Shell Asset Management Co. trimmed its position in Oshkosh Co. (NYSE:OSK) by 3.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,432 shares of the company’s stock after selling 185 shares during the period. Shell Asset Management Co.’s holdings in Oshkosh were worth $677,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OSK. Vanguard Group Inc. boosted its stake in Oshkosh by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock valued at $978,797,000 after purchasing an additional 718,122 shares during the last quarter. LSV Asset Management boosted its stake in shares of Oshkosh by 5.5% in the 1st quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock worth $243,274,000 after buying an additional 102,330 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Oshkosh by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,710 shares of the company’s stock worth $189,473,000 after buying an additional 122,786 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Oshkosh by 2.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 884,797 shares of the company’s stock worth $110,484,000 after buying an additional 21,063 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Oshkosh in the 4th quarter worth approximately $83,524,000. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Up 2.1 %

Shares of NYSE:OSK opened at $116.02 on Friday. The firm has a fifty day moving average of $109.39 and a 200 day moving average of $113.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.43. Oshkosh Co. has a 52-week low of $86.10 and a 52-week high of $127.98. The firm has a market capitalization of $7.59 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.14 and a beta of 1.22.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. Oshkosh’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.59 EPS. As a group, research analysts anticipate that Oshkosh Co. will post 11.21 EPS for the current fiscal year.

Analyst Ratings Changes

OSK has been the topic of a number of research analyst reports. Bank of America boosted their target price on Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 28th. Robert W. Baird lifted their price target on shares of Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Stifel Nicolaus lifted their price target on shares of Oshkosh from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, April 26th. JPMorgan Chase & Co. lowered their price target on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Finally, Truist Financial lowered their target price on shares of Oshkosh from $132.00 to $123.00 and set a “hold” rating on the stock in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $124.82.

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.