Montag A & Associates Inc. Has $2.48 Million Holdings in Oshkosh Co. (NYSE:OSK)

Montag A & Associates Inc. cut its holdings in Oshkosh Co. (NYSE:OSK) by 7.1% during the 4th quarter, HoldingsChannel reports. The fund owned 22,897 shares of the company’s stock after selling 1,747 shares during the quarter. Montag A & Associates Inc.’s holdings in Oshkosh were worth $2,482,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC boosted its stake in shares of Oshkosh by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after purchasing an additional 111 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Oshkosh during the 4th quarter worth $42,000. International Assets Investment Management LLC raised its stake in shares of Oshkosh by 10,744.4% during the 4th quarter. International Assets Investment Management LLC now owns 976 shares of the company’s stock worth $106,000 after purchasing an additional 967 shares during the period. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Oshkosh during the 4th quarter valued at about $208,000. Finally, Silverlake Wealth Management LLC bought a new stake in Oshkosh in the 4th quarter worth approximately $217,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the sale, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is currently owned by company insiders.

Oshkosh Price Performance

Shares of NYSE:OSK traded up $2.33 during trading on Thursday, hitting $119.23. 311,322 shares of the company’s stock were exchanged, compared to its average volume of 502,177. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 1.20 and a beta of 1.30. The business’s 50-day simple moving average is $118.67 and its 200 day simple moving average is $108.45. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. Oshkosh Co. has a 52-week low of $72.09 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.63. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 EPS. As a group, equities analysts predict that Oshkosh Co. will post 11.16 EPS for the current year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh’s dividend payout ratio is presently 17.61%.

Analysts Set New Price Targets

A number of analysts recently weighed in on OSK shares. Robert W. Baird boosted their target price on Oshkosh from $140.00 to $158.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. The Goldman Sachs Group boosted their target price on Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. UBS Group upped their price target on Oshkosh from $117.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. increased their target price on Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, DA Davidson upgraded Oshkosh from a “neutral” rating to a “buy” rating and upped their price target for the stock from $122.00 to $130.00 in a research report on Friday, March 1st. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.50.

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.