Texas Permanent School Fund Has $4.75 Million Holdings in Oshkosh Co. (NYSE:OSK)

Texas Permanent School Fund cut its position in shares of Oshkosh Co. (NYSE:OSKGet Rating) by 5.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,219 shares of the company’s stock after selling 2,482 shares during the period. Texas Permanent School Fund owned 0.07% of Oshkosh worth $4,753,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atria Investments LLC purchased a new stake in shares of Oshkosh during the 1st quarter worth about $1,203,000. Sciencast Management LP bought a new position in shares of Oshkosh in the 1st quarter valued at approximately $1,406,000. Mackenzie Financial Corp raised its stake in shares of Oshkosh by 117.9% in the 4th quarter. Mackenzie Financial Corp now owns 64,496 shares of the company’s stock valued at $7,269,000 after acquiring an additional 34,900 shares in the last quarter. Pitcairn Co. raised its stake in shares of Oshkosh by 6.1% in the 4th quarter. Pitcairn Co. now owns 4,609 shares of the company’s stock valued at $519,000 after acquiring an additional 263 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Oshkosh by 20.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 17,232 shares of the company’s stock valued at $1,942,000 after acquiring an additional 2,896 shares in the last quarter. 94.89% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $83.20 on Friday. The business’s 50 day moving average is $85.46 and its 200-day moving average is $97.15. The company has a current ratio of 1.73, a quick ratio of 1.06 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $5.44 billion, a PE ratio of 47.01, a PEG ratio of 1.12 and a beta of 1.32. Oshkosh Co. has a 1-year low of $77.89 and a 1-year high of $125.16.

Oshkosh (NYSE:OSKGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.53). The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.21 billion. Oshkosh had a net margin of 1.53% and a return on equity of 4.02%. Oshkosh’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.09 EPS. Sell-side analysts predict that Oshkosh Co. will post 3.44 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Investors of record on Monday, August 15th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, August 12th. Oshkosh’s dividend payout ratio is 83.62%.

Wall Street Analyst Weigh In

OSK has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on Oshkosh from $117.00 to $104.00 in a research note on Thursday, April 28th. TheStreet downgraded Oshkosh from a “b-” rating to a “c+” rating in a research note on Friday, July 1st. Deutsche Bank Aktiengesellschaft dropped their price target on Oshkosh from $118.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, July 13th. Argus assumed coverage on Oshkosh in a research report on Tuesday, July 26th. They issued a “hold” rating on the stock. Finally, Bank of America downgraded Oshkosh from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $103.00 to $92.00 in a research report on Friday, May 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Oshkosh presently has a consensus rating of “Hold” and a consensus target price of $104.87.

Oshkosh Profile

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Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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