Deutsche Bank AG Reduces Stake in Oshkosh Co. (NYSE:OSK)

Deutsche Bank AG cut its holdings in shares of Oshkosh Co. (NYSE:OSK) by 49.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,338 shares of the company’s stock after selling 67,188 shares during the quarter. Deutsche Bank AG owned 0.10% of Oshkosh worth $6,402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in Oshkosh during the 4th quarter worth about $72,692,000. American Century Companies Inc. increased its holdings in shares of Oshkosh by 23.3% during the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock valued at $193,031,000 after purchasing an additional 384,141 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Oshkosh in the 4th quarter valued at $23,285,000. Atlantic Investment Management Inc. purchased a new stake in Oshkosh during the fourth quarter worth $21,866,000. Finally, Balyasny Asset Management L.P. grew its position in Oshkosh by 84.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 462,034 shares of the company’s stock valued at $43,926,000 after buying an additional 211,244 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $102.13 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 52 week low of $76.82 and a 52 week high of $119.05. The firm’s 50 day moving average is $90.77 and its two-hundred day moving average is $98.70. The firm has a market capitalization of $6.57 billion, a P/E ratio of 9.87, a P/E/G ratio of 1.45 and a beta of 1.37.

Oshkosh (NYSE:OSK) last announced its quarterly 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 return on equity of 19.31% and a net margin of 6.34%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the business earned $2.89 earnings per share. Oshkosh’s revenue was down 9.1% compared to the same quarter last year. Research analysts forecast that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Friday, May 16th. Oshkosh’s dividend payout ratio (DPR) is 21.79%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on OSK. Robert W. Baird reduced their target price on Oshkosh from $163.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. UBS Group lifted their target price on shares of Oshkosh from $99.00 to $119.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley reduced their target price on shares of Oshkosh from $110.00 to $91.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price objective on shares of Oshkosh from $100.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Finally, Bank of America raised their target price on shares of Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and a consensus target price of $114.21.

Oshkosh 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.