Citigroup Inc. Acquires 31,036 Shares of Oshkosh Corporation $OSK

Citigroup Inc. raised its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 93.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,325 shares of the company’s stock after purchasing an additional 31,036 shares during the period. Citigroup Inc. owned approximately 0.10% of Oshkosh worth $8,343,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Oshkosh during the second quarter valued at $98,570,000. American Century Companies Inc. lifted its stake in Oshkosh by 22.8% during the 2nd quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after acquiring an additional 529,907 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Oshkosh by 25.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after acquiring an additional 345,782 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Oshkosh by 1,245.4% in the third quarter. Allianz Asset Management GmbH now owns 217,365 shares of the company’s stock worth $28,192,000 after acquiring an additional 201,209 shares during the period. Finally, Amundi raised its holdings in shares of Oshkosh by 616.7% during the second quarter. Amundi now owns 224,765 shares of the company’s stock valued at $27,529,000 after purchasing an additional 193,406 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Oshkosh from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Robert W. Baird set a $182.00 price target on Oshkosh in a research note on Friday, January 30th. Barclays initiated coverage on Oshkosh in a research report on Tuesday, November 25th. They set an “overweight” rating and a $150.00 price objective for the company. KeyCorp reissued an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Finally, Morgan Stanley reduced their price target on shares of Oshkosh from $155.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 3rd. Twelve analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Oshkosh Price Performance

NYSE:OSK opened at $169.69 on Monday. The business’s 50-day simple moving average is $153.46 and its two-hundred day simple moving average is $139.26. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $180.49. The stock has a market cap of $10.61 billion, a PE ratio of 16.94, a P/E/G ratio of 0.86 and a beta of 1.37. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.07). The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.58 EPS. As a group, analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.3%. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, February 17th. Oshkosh’s payout ratio is presently 22.75%.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.