Assenagon Asset Management S.A. Invests $3.20 Million in Oshkosh Corporation $OSK

Assenagon Asset Management S.A. bought a new stake in Oshkosh Corporation (NYSE:OSK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,445 shares of the company’s stock, valued at approximately $3,197,000.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in Oshkosh during the second quarter valued at $98,570,000. Alliancebernstein L.P. increased its stake in shares of Oshkosh by 908.0% in the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock worth $118,481,000 after acquiring an additional 822,874 shares in the last quarter. Capital Research Global Investors purchased a new position in Oshkosh during the 3rd quarter valued at about $63,441,000. UBS Group AG boosted its stake in Oshkosh by 162.3% during the third quarter. UBS Group AG now owns 603,041 shares of the company’s stock worth $78,214,000 after acquiring an additional 373,172 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Oshkosh by 25.4% in the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock worth $193,728,000 after purchasing an additional 345,782 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OSK has been the subject of a number of analyst reports. UBS Group raised their target price on shares of Oshkosh from $167.00 to $197.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Sanford C. Bernstein raised their price objective on Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, December 19th. Citigroup lifted their price objective on Oshkosh from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, March 9th. DA Davidson boosted their target price on Oshkosh from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Finally, Robert W. Baird set a $182.00 price target on Oshkosh in a report on Friday, January 30th. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and an average price target of $165.31.

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $169.07, for a total transaction of $676,280.00. Following the sale, the senior vice president owned 13,577 shares of the company’s stock, valued at $2,295,463.39. This trade represents a 22.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.55% of the company’s stock.

Oshkosh Price Performance

Shares of NYSE OSK opened at $140.19 on Monday. The firm has a market cap of $8.77 billion, a P/E ratio of 13.99, a PEG ratio of 0.72 and a beta of 1.37. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $180.49. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $158.71 and a 200 day moving average of $140.98.

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

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a $0.57 dividend. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.6%. Oshkosh’s payout ratio is presently 22.75%.

Oshkosh Profile

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.