MetLife Investment Management LLC Trims Stock Position in Oshkosh Co. (NYSE:OSK)

MetLife Investment Management LLC lessened its holdings in Oshkosh Co. (NYSE:OSK) by 2.3% during the 3rd quarter, Holdings Channel reports. The firm owned 33,641 shares of the company’s stock after selling 794 shares during the quarter. MetLife Investment Management LLC’s holdings in Oshkosh were worth $3,371,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Oshkosh in the second quarter valued at about $1,500,000. Cetera Investment Advisers lifted its stake in shares of Oshkosh by 772.9% during the first quarter. Cetera Investment Advisers now owns 27,409 shares of the company’s stock valued at $3,418,000 after buying an additional 24,269 shares during the period. OFI Invest Asset Management purchased a new position in shares of Oshkosh during the second quarter valued at approximately $1,545,000. Horizon Kinetics Asset Management LLC lifted its stake in shares of Oshkosh by 3.4% during the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock valued at $14,144,000 after buying an additional 4,680 shares during the period. Finally, Equity Investment Corp lifted its stake in shares of Oshkosh by 1.5% during the third quarter. Equity Investment Corp now owns 588,884 shares of the company’s stock valued at $59,012,000 after buying an additional 8,611 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on OSK shares. Evercore ISI reduced their price objective on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. JPMorgan Chase & Co. upped their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Truist Financial reduced their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Finally, Robert W. Baird reduced their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $123.14.

Oshkosh Price Performance

Oshkosh stock opened at $112.55 on Wednesday. Oshkosh Co. has a 52-week low of $93.34 and a 52-week high of $127.98. The firm has a fifty day moving average of $106.28 and a 200-day moving average of $106.48. The firm has a market capitalization of $7.32 billion, a P/E ratio of 10.93, a PEG ratio of 1.10 and a beta of 1.19. 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 (NYSE:OSK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. As a group, analysts predict that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s payout ratio is currently 17.86%.

Oshkosh 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.