Allianz Asset Management GmbH Has $2.20 Million Stock Position in Oshkosh Co. (NYSE:OSK)

Allianz Asset Management GmbH lessened its stake in Oshkosh Co. (NYSE:OSKFree Report) by 62.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,249 shares of the company’s stock after selling 34,004 shares during the quarter. Allianz Asset Management GmbH’s holdings in Oshkosh were worth $2,195,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of OSK. Greenhaven Associates Inc. lifted its stake in Oshkosh by 0.5% in the fourth quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company’s stock valued at $267,750,000 after buying an additional 11,100 shares in the last quarter. LSV Asset Management lifted its position in shares of Oshkosh by 410.6% in the fourth quarter. LSV Asset Management now owns 1,848,390 shares of the company’s stock worth $200,384,000 after purchasing an additional 1,486,402 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Oshkosh by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,710 shares of the company’s stock valued at $189,473,000 after buying an additional 122,786 shares during the last quarter. Invesco Ltd. lifted its position in Oshkosh by 2.0% during the 3rd quarter. Invesco Ltd. now owns 857,911 shares of the company’s stock worth $81,870,000 after buying an additional 16,919 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Oshkosh during the 4th quarter worth about $83,524,000. Institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on OSK shares. JPMorgan Chase & Co. boosted their price target on Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Stifel Nicolaus lifted their price objective on Oshkosh from $135.00 to $140.00 and gave the company a “buy” rating in a report on Friday, April 26th. StockNews.com downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Bank of America upped their price objective on Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 28th. Finally, Robert W. Baird raised their target price on shares of Oshkosh from $158.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and a consensus price target of $126.94.

Read Our Latest Analysis on Oshkosh

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $109.97 on Friday. The business has a 50-day moving average price of $118.09 and a two-hundred day moving average price of $111.89. Oshkosh Co. has a 1-year low of $80.07 and a 1-year high of $127.98. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The company has a market cap of $7.19 billion, a P/E ratio of 10.52, a PEG ratio of 1.08 and a beta of 1.26.

Oshkosh (NYSE:OSKGet Free Report) last issued its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 earnings per share. As a group, analysts anticipate that Oshkosh Co. will post 11.17 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Friday, May 10th. Oshkosh’s payout ratio is 17.61%.

Oshkosh Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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