Allspring Global Investments Holdings LLC Trims Holdings in Oshkosh Co. (NYSE:OSK)

Allspring Global Investments Holdings LLC cut its holdings in Oshkosh Co. (NYSE:OSK) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,064 shares of the company’s stock after selling 184 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Oshkosh were worth $2,392,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OSK. Norges Bank bought a new stake in Oshkosh during the 4th quarter valued at about $59,227,000. Alliancebernstein L.P. increased its stake in Oshkosh by 53.1% during the 2nd quarter. Alliancebernstein L.P. now owns 1,347,946 shares of the company’s stock valued at $116,719,000 after purchasing an additional 467,476 shares in the last quarter. BlackRock Inc. increased its stake in Oshkosh by 4.7% during the 1st quarter. BlackRock Inc. now owns 6,039,602 shares of the company’s stock valued at $502,374,000 after purchasing an additional 272,691 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Oshkosh by 1,374.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 257,142 shares of the company’s stock valued at $27,877,000 after acquiring an additional 239,707 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Oshkosh by 155.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 335,603 shares of the company’s stock valued at $32,027,000 after acquiring an additional 204,278 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Evercore ISI raised their price target on shares of Oshkosh from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. StockNews.com raised shares of Oshkosh from a “hold” rating to a “buy” rating in a report on Monday, April 8th. Truist Financial assumed coverage on shares of Oshkosh in a report on Thursday, March 14th. They set a “hold” rating and a $121.00 price target on the stock. DA Davidson raised shares of Oshkosh from a “neutral” rating to a “buy” rating and raised their price target for the company from $122.00 to $130.00 in a report on Friday, March 1st. Finally, Citigroup raised their price target on shares of Oshkosh from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.25.

Oshkosh Price Performance

NYSE OSK opened at $117.72 on Monday. Oshkosh Co. has a 12 month low of $72.09 and a 12 month high of $127.98. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.50 and a beta of 1.29. The company’s 50 day moving average is $116.58 and its two-hundred day moving average is $106.32. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16.

Oshkosh (NYSE:OSK) last released its earnings results on Tuesday, January 30th. The company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.32. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter last year, the business earned $1.60 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. As a group, research analysts anticipate that Oshkosh Co. will post 10.33 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.46 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.41. The ex-dividend date was Wednesday, February 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.56%. Oshkosh’s dividend payout ratio (DPR) is presently 20.26%.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the sale, the senior vice president now owns 13,499 shares in the company, valued at approximately $1,503,518.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.64% of the stock is owned by company insiders.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.