Oshkosh Corporation $OSK Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its stake in Oshkosh Corporation (NYSE:OSK) by 1,245.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 217,365 shares of the company’s stock after purchasing an additional 201,209 shares during the quarter. Allianz Asset Management GmbH owned about 0.34% of Oshkosh worth $28,192,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Oshkosh during the 2nd quarter valued at $98,570,000. American Century Companies Inc. boosted its holdings in Oshkosh by 22.8% in the second 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 last quarter. Pzena Investment Management LLC acquired a new position in Oshkosh in the second quarter valued at $59,709,000. AQR Capital Management LLC grew its position in Oshkosh by 25.4% during the second 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 period. Finally, Amundi grew its position in 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 acquiring an additional 193,406 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of OSK stock opened at $163.32 on Friday. The firm has a fifty day simple moving average of $139.60 and a 200-day simple moving average of $134.63. The company has a market capitalization of $10.33 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 0.85 and a beta of 1.43. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $169.62. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24.

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

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.57 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.4%. Oshkosh’s payout ratio is 20.36%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Oshkosh from $144.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Morgan Stanley cut their price target on shares of Oshkosh from $155.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday. KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a research note on Thursday, December 18th. UBS Group reissued a “buy” rating and issued a $167.00 price objective on shares of Oshkosh in a research report on Friday, January 30th. Finally, Wall Street Zen cut shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $159.60.

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.