Jackson Creek Investment Advisors LLC Lowers Holdings in Oshkosh Co. (NYSE:OSK)

Jackson Creek Investment Advisors LLC lowered its holdings in shares of Oshkosh Co. (NYSE:OSK) by 19.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,983 shares of the company’s stock after selling 975 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Oshkosh were worth $431,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OSK. Norges Bank purchased a new stake in Oshkosh during the 4th quarter valued at approximately $83,524,000. Vanguard Group Inc. grew its stake in Oshkosh by 10.1% during the first quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock valued at $978,797,000 after acquiring an additional 718,122 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Oshkosh in the 4th quarter valued at $23,926,000. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 122,786 shares in the last quarter. Finally, M&G Plc bought a new position in shares of Oshkosh during the 1st quarter valued at about $15,102,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Down 1.9 %

NYSE OSK opened at $101.11 on Thursday. The stock has a market cap of $6.58 billion, a PE ratio of 9.68, a PEG ratio of 1.03 and a beta of 1.19. Oshkosh Co. has a 12 month low of $86.10 and a 12 month high of $127.98. The company’s 50-day moving average price is $105.83 and its 200-day moving average price is $112.04. The company has a current ratio of 1.44, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.69 EPS. Equities research analysts forecast that Oshkosh Co. will post 11.66 earnings per share for the current year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Friday, August 16th. Oshkosh’s payout ratio is 17.61%.

Analyst Ratings Changes

A number of research firms recently commented on OSK. 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 report on Tuesday, May 28th. JPMorgan Chase & Co. decreased their price target on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Robert W. Baird increased their price objective on shares of Oshkosh from $158.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Citigroup started coverage on shares of Oshkosh in a report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 target price on the stock. Finally, Evercore ISI lowered their price target on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Oshkosh presently has an average rating of “Hold” and an average price target of $125.79.

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.