Morgan Stanley Has $43.82 Million Stock Holdings in Oshkosh Co. (NYSE:OSK)

Morgan Stanley raised its holdings in Oshkosh Co. (NYSE:OSK) by 1.5% in the 4th quarter, HoldingsChannel reports. The fund owned 509,102 shares of the company’s stock after acquiring an additional 7,563 shares during the period. Morgan Stanley’s holdings in Oshkosh were worth $43,819,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in OSK. Victory Capital Management Inc. increased its position in Oshkosh by 1,527.1% in the 4th quarter. Victory Capital Management Inc. now owns 2,077,224 shares of the company’s stock valued at $178,786,000 after acquiring an additional 1,949,562 shares during the period. Ceredex Value Advisors LLC bought a new stake in shares of Oshkosh in the 4th quarter valued at $54,680,000. Clearbridge Investments LLC bought a new stake in shares of Oshkosh in the 4th quarter valued at $43,545,000. Principal Financial Group Inc. boosted its stake in shares of Oshkosh by 213.4% in the 4th quarter. Principal Financial Group Inc. now owns 669,194 shares of the company’s stock valued at $57,598,000 after purchasing an additional 455,641 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Oshkosh by 24.5% in the 4th quarter. Alliancebernstein L.P. now owns 1,947,622 shares of the company’s stock valued at $167,632,000 after purchasing an additional 383,149 shares during the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.

A number of research firms have recently commented on OSK. Evercore ISI upped their price objective on shares of Oshkosh from $120.00 to $133.00 and gave the company an “outperform” rating in a research note on Wednesday, February 24th. Stifel Nicolaus increased their target price on shares of Oshkosh from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday, December 15th. Credit Suisse Group raised shares of Oshkosh from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $83.00 to $117.00 in a research note on Tuesday, January 12th. Jefferies Financial Group raised shares of Oshkosh from a “hold” rating to a “buy” rating and increased their target price for the stock from $100.00 to $125.00 in a research note on Wednesday, February 17th. Finally, Morgan Stanley upped their price objective on shares of Oshkosh from $83.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, December 15th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Oshkosh has a consensus rating of “Buy” and a consensus price target of $108.22.

In other Oshkosh news, CEO Wilson R. Jones sold 21,926 shares of Oshkosh stock in a transaction that occurred on Friday, January 29th. The shares were sold at an average price of $93.36, for a total transaction of $2,047,011.36. Following the completion of the sale, the chief executive officer now directly owns 167,596 shares in the company, valued at $15,646,762.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Wilson R. Jones sold 3,074 shares of Oshkosh stock in a transaction that occurred on Monday, February 1st. The shares were sold at an average price of $93.19, for a total transaction of $286,466.06. Following the sale, the chief executive officer now owns 167,596 shares of the company’s stock, valued at $15,618,271.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,450 shares of company stock valued at $3,148,649. 1.30% of the stock is currently owned by company insiders.

Shares of NYSE:OSK opened at $119.80 on Thursday. The company has a quick ratio of 1.28, a current ratio of 2.23 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $8.19 billion, a PE ratio of 25.38, a P/E/G ratio of 1.02 and a beta of 1.63. Oshkosh Co. has a twelve month low of $55.33 and a twelve month high of $123.49. The company has a 50-day moving average price of $113.09 and a two-hundred day moving average price of $90.94.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Tuesday, January 26th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.40. Oshkosh had a net margin of 4.73% and a return on equity of 12.38%. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the business earned $1.10 earnings per share. Oshkosh’s revenue was down 6.8% compared to the same quarter last year. Analysts anticipate that Oshkosh Co. will post 5.12 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 26th. Shareholders of record on Friday, February 12th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, February 11th. This represents a $1.32 annualized dividend and a yield of 1.10%. Oshkosh’s payout ratio is presently 26.72%.

About Oshkosh

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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