Integrated Wealth Concepts LLC Sells 722 Shares of Oshkosh Co. (NYSE:OSK)

Integrated Wealth Concepts LLC trimmed its position in shares of Oshkosh Co. (NYSE:OSK) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,249 shares of the company’s stock after selling 722 shares during the period. Integrated Wealth Concepts LLC’s holdings in Oshkosh were worth $404,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares in the last quarter. Coppell Advisory Solutions LLC raised its holdings in shares of Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock worth $30,000 after buying an additional 110 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in Oshkosh in the 4th quarter valued at $32,000. V Square Quantitative Management LLC grew its position in Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after acquiring an additional 157 shares during the period. Finally, Twin Tree Management LP acquired a new position in Oshkosh during the fourth quarter worth $41,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OSK. JPMorgan Chase & Co. lowered their target price on shares of Oshkosh from $100.00 to $92.00 and set a “neutral” rating on the stock in a report on Thursday. Citigroup decreased their price objective on shares of Oshkosh from $130.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Evercore ISI lifted their target price on shares of Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Bank of America increased their price target on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group cut their price objective on Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.93.

Oshkosh Stock Up 3.1 %

Shares of NYSE:OSK opened at $89.37 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 8.63, a P/E/G ratio of 1.45 and a beta of 1.37. The company has a 50 day moving average of $91.46 and a 200-day moving average of $99.48. Oshkosh Co. has a one year low of $76.82 and a one year high of $123.25.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.10). Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the firm posted $2.89 EPS. The business’s revenue was down 9.1% on a year-over-year basis. On average, sell-side analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, May 16th. This represents a $2.04 annualized dividend and a dividend yield of 2.28%. Oshkosh’s payout ratio is currently 21.79%.

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.