Brandywine Global Investment Management LLC Has $6.24 Million Stake in Oshkosh Co. (NYSE:OSK)

Brandywine Global Investment Management LLC decreased its position in Oshkosh Co. (NYSE:OSK) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,080 shares of the company’s stock after selling 2,157 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Oshkosh were worth $6,242,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of OSK. Janus Henderson Group PLC bought a new stake in shares of Oshkosh in the first quarter valued at approximately $48,389,000. Panagora Asset Management Inc. boosted its stake in shares of Oshkosh by 517.2% in the second quarter. Panagora Asset Management Inc. now owns 477,291 shares of the company’s stock valued at $59,490,000 after buying an additional 399,960 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Oshkosh by 137.3% in the second quarter. JPMorgan Chase & Co. now owns 607,865 shares of the company’s stock valued at $75,763,000 after buying an additional 351,666 shares during the period. FMR LLC boosted its stake in shares of Oshkosh by 6.5% in the second quarter. FMR LLC now owns 5,014,961 shares of the company’s stock valued at $625,065,000 after buying an additional 306,413 shares during the period. Finally, Amundi Asset Management US Inc. boosted its stake in shares of Oshkosh by 71.1% in the first quarter. Amundi Asset Management US Inc. now owns 669,488 shares of the company’s stock valued at $79,455,000 after buying an additional 278,228 shares during the period. 88.19% of the stock is currently owned by institutional investors.

NYSE OSK opened at $97.92 on Thursday. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.97 and a beta of 1.53. Oshkosh Co. has a twelve month low of $66.74 and a twelve month high of $137.47. The stock has a fifty day simple moving average of $110.09 and a 200 day simple moving average of $119.49. The company has a quick ratio of 1.47, a current ratio of 2.10 and a debt-to-equity ratio of 0.25.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, July 29th. The company reported $2.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.23 by ($0.14). Oshkosh had a return on equity of 13.80% and a net margin of 6.48%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. Research analysts expect that Oshkosh Co. will post 6.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 30th. Shareholders of record on Monday, August 16th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, August 13th. This represents a $1.32 dividend on an annualized basis and a yield of 1.35%. Oshkosh’s payout ratio is currently 26.72%.

Several equities research analysts recently issued reports on the company. Raymond James boosted their price target on Oshkosh from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, July 19th. The Goldman Sachs Group cut Oshkosh from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, August 24th. Morgan Stanley cut their target price on Oshkosh from $148.00 to $134.00 and set an “overweight” rating for the company in a research note on Wednesday. Jefferies Financial Group cut Oshkosh from a “buy” rating to a “hold” rating and cut their target price for the stock from $150.00 to $105.00 in a research note on Tuesday, September 21st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Oshkosh from $136.00 to $127.00 and set a “buy” rating for the company in a research note on Monday. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $129.33.

Oshkosh Profile

Oshkosh Corp. engages in the design, manufacture, and market of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment, Defense, Fire & Emergency, and Commercial. The Access Equipment segment consists of JerrDan and JLG, which manufactures aerial work platforms; and telehandlers that are used in construction, industrial, institutional, and general maintenance applications to position workers and materials at elevated heights.

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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