Assenagon Asset Management S.A. Buys Shares of 25,445 Oshkosh Corporation $OSK

Assenagon Asset Management S.A. purchased a new stake in shares of Oshkosh Corporation (NYSE:OSK) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 25,445 shares of the company’s stock, valued at approximately $3,197,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in Oshkosh by 6.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,970 shares of the company’s stock worth $4,896,000 after purchasing an additional 2,253 shares during the last quarter. Covea Finance lifted its stake in shares of Oshkosh by 6.2% in the 4th quarter. Covea Finance now owns 82,400 shares of the company’s stock worth $10,352,000 after purchasing an additional 4,800 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Oshkosh by 20.3% in the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the company’s stock worth $128,000 after buying an additional 172 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Oshkosh by 4.4% in the third quarter. JPMorgan Chase & Co. now owns 175,693 shares of the company’s stock worth $22,789,000 after buying an additional 7,339 shares during the last quarter. Finally, Mirabella Financial Services LLP bought a new stake in Oshkosh during the third quarter valued at approximately $245,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Sanford C. Bernstein upped their target price on shares of Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, December 19th. Morgan Stanley cut their price objective 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. Zacks Research raised Oshkosh from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. JPMorgan Chase & Co. lifted their target price on Oshkosh from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Finally, Citigroup upped their price target on Oshkosh from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.31.

Insider Buying and Selling at Oshkosh

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

Oshkosh Stock Performance

NYSE:OSK opened at $140.19 on Monday. The stock has a 50-day moving average price of $158.71 and a 200 day moving average price of $140.98. The stock has a market capitalization of $8.77 billion, a P/E ratio of 13.99, a P/E/G ratio of 0.72 and a beta of 1.37. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $180.49. 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 posted its quarterly 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). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the prior year, the firm posted $2.58 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research 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 was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, February 17th. Oshkosh’s payout ratio is presently 22.75%.

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.