Brandywine Global Investment Management LLC Sells 3,147 Shares of Oshkosh Co. (NYSE:OSK)

Brandywine Global Investment Management LLC trimmed its holdings in shares of Oshkosh Co. (NYSE:OSK) by 7.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 40,134 shares of the company’s stock after selling 3,147 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Oshkosh were worth $3,816,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. New Age Alpha Advisors LLC acquired a new position in shares of Oshkosh in the fourth quarter valued at approximately $3,860,000. Norges Bank bought a new stake in Oshkosh in the 4th quarter valued at $72,692,000. Congress Wealth Management LLC DE boosted its stake in Oshkosh by 9.9% in the 4th quarter. Congress Wealth Management LLC DE now owns 6,181 shares of the company’s stock worth $588,000 after purchasing an additional 555 shares during the period. Vanguard Group Inc. increased its holdings in Oshkosh by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company’s stock worth $774,035,000 after purchasing an additional 176,400 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Oshkosh in the 4th quarter valued at about $1,274,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Performance

OSK opened at $94.03 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a 12-month low of $89.08 and a 12-month high of $127.98. The business has a 50 day moving average of $101.72 and a 200-day moving average of $102.23.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) 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%. On average, equities research analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a $0.51 dividend. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh’s dividend payout ratio is currently 19.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Evercore ISI increased their price objective on Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price objective on shares of Oshkosh from $127.00 to $117.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Citigroup reduced their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. The Goldman Sachs Group decreased their target price on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Finally, UBS Group increased their price objective on shares of Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Oshkosh currently has a consensus 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.