Allspring Global Investments Holdings LLC Sells 184 Shares of Oshkosh Co. (NYSE:OSK)

Allspring Global Investments Holdings LLC cut its position in Oshkosh Co. (NYSE:OSK) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,064 shares of the company’s stock after selling 184 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Oshkosh were worth $2,392,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in OSK. Private Advisor Group LLC bought a new position in Oshkosh in the first quarter worth about $404,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Oshkosh by 5.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,410 shares of the company’s stock valued at $2,457,000 after acquiring an additional 1,322 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Oshkosh during the first quarter valued at about $222,000. Ergoteles LLC acquired a new position in shares of Oshkosh during the first quarter valued at about $567,000. Finally, Pearl River Capital LLC increased its holdings in shares of Oshkosh by 74.4% during the first quarter. Pearl River Capital LLC now owns 4,457 shares of the company’s stock valued at $449,000 after acquiring an additional 1,902 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Oshkosh from $114.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Evercore ISI upped their price objective on shares of Oshkosh from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. DA Davidson upgraded shares of Oshkosh from a “neutral” rating to a “buy” rating and upped their price objective for the company from $122.00 to $130.00 in a report on Friday, March 1st. Morgan Stanley assumed coverage on shares of Oshkosh in a report on Monday, January 8th. They set an “equal weight” rating and a $102.00 price objective on the stock. Finally, UBS Group upped their price objective on shares of Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Oshkosh currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.25.

Oshkosh Trading Up 0.1 %

Oshkosh stock opened at $117.72 on Monday. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Oshkosh Co. has a 12 month low of $72.09 and a 12 month high of $127.98. The stock’s 50 day simple moving average is $116.58 and its two-hundred day simple moving average is $106.32. The firm has a market cap of $7.72 billion, a PE ratio of 12.96, a P/E/G ratio of 1.50 and a beta of 1.29.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Tuesday, January 30th. The company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.24 by $0.32. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the firm posted $1.60 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Analysts anticipate that Oshkosh Co. will post 10.33 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.56%. The ex-dividend date was Wednesday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.41. Oshkosh’s dividend payout ratio is currently 20.26%.

Oshkosh Company 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.