Quest Partners LLC Sells 4,716 Shares of Oshkosh Co. (NYSE:OSK)

Quest Partners LLC cut its holdings in Oshkosh Co. (NYSE:OSK) by 94.0% during the second quarter, Holdings Channel.com reports. The fund owned 300 shares of the company’s stock after selling 4,716 shares during the period. Quest Partners LLC’s holdings in Oshkosh were worth $32,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Valley National Advisers Inc. boosted its stake in Oshkosh by 18.2% in the first quarter. Valley National Advisers Inc. now owns 623 shares of the company’s stock valued at $77,000 after acquiring an additional 96 shares during the last quarter. US Bancorp DE boosted its stake in Oshkosh by 3.0% in the first quarter. US Bancorp DE now owns 4,522 shares of the company’s stock valued at $564,000 after acquiring an additional 132 shares during the last quarter. Atlas Capital Advisors LLC boosted its stake in Oshkosh by 161.6% in the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after acquiring an additional 139 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Oshkosh by 26.2% during the second quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock worth $79,000 after purchasing an additional 152 shares in the last quarter. Finally, NorthRock Partners LLC boosted its position in shares of Oshkosh by 6.0% during the first quarter. NorthRock Partners LLC now owns 2,735 shares of the company’s stock worth $341,000 after purchasing an additional 155 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Down 2.6 %

Shares of OSK stock opened at $102.50 on Friday. 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 Co. has a 1 year low of $86.10 and a 1 year high of $127.98. The firm’s fifty day moving average price is $104.79 and its two-hundred day moving average price is $111.38. The firm has a market capitalization of $6.70 billion, a P/E ratio of 9.81, a PEG ratio of 0.93 and a beta of 1.19.

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

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a $0.46 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.84 annualized dividend and a yield of 1.80%. Oshkosh’s payout ratio is currently 17.61%.

Analyst Upgrades and Downgrades

OSK has been the topic of a number of recent analyst reports. Jefferies Financial Group reduced their price target on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Citigroup initiated coverage on shares of Oshkosh in a research report on Wednesday, June 26th. They set a “buy” rating and a $130.00 price target on the stock. Bank of America lifted their price target on shares of Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 28th. Truist Financial lifted their price target on shares of Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Finally, Evercore ISI reduced their price target on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Oshkosh has an average rating of “Hold” and a consensus 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.