Allspring Global Investments Holdings LLC Purchases 4,909 Shares of Oshkosh Corporation $OSK

Allspring Global Investments Holdings LLC grew its position in shares of Oshkosh Corporation (NYSE:OSK) by 24.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,252 shares of the company’s stock after purchasing an additional 4,909 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Oshkosh were worth $3,339,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LSV Asset Management grew its holdings in shares of Oshkosh by 1.7% during the 3rd quarter. LSV Asset Management now owns 1,895,825 shares of the company’s stock valued at $245,889,000 after purchasing an additional 31,401 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of 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 buying an additional 345,782 shares during the period. Invesco Ltd. increased its holdings in shares of Oshkosh by 26.3% in the third quarter. Invesco Ltd. now owns 1,476,969 shares of the company’s stock worth $191,563,000 after buying an additional 307,949 shares during the period. Bank of America Corp DE increased its holdings in shares of Oshkosh by 2.4% in the second quarter. Bank of America Corp DE now owns 1,090,142 shares of the company’s stock worth $123,775,000 after buying an additional 25,125 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of Oshkosh by 908.0% in the third quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock worth $118,481,000 after buying an additional 822,874 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on OSK shares. Zacks Research upgraded Oshkosh from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research report on Thursday, January 22nd. KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. JPMorgan Chase & Co. boosted their price objective on Oshkosh from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Finally, UBS Group boosted their price objective on Oshkosh from $167.00 to $197.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.13.

Oshkosh Stock Performance

Shares of OSK opened at $146.73 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. Oshkosh Corporation has a one year low of $77.90 and a one year high of $180.49. The company has a 50-day simple moving average of $157.76 and a two-hundred day simple moving average of $141.48. The firm has a market capitalization of $9.19 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 0.76 and a beta of 1.39.

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

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a dividend of $0.57 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, February 17th. Oshkosh’s dividend payout ratio is presently 22.75%.

Insider Buying and Selling at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the sale, the senior vice president directly owned 13,577 shares of the company’s stock, valued at $2,295,463.39. This represents a 22.76% decrease in their position. 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 owned by corporate insiders.

Oshkosh Company 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.