Assenagon Asset Management S.A. Purchases 71,911 Shares of Oshkosh Co. (NYSE:OSK)

Assenagon Asset Management S.A. boosted its position in shares of Oshkosh Co. (NYSE:OSK) by 29.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 312,134 shares of the company’s stock after buying an additional 71,911 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Oshkosh were worth $29,675,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in OSK. Renaissance Technologies LLC bought a new stake in shares of Oshkosh during the second quarter worth approximately $11,368,000. BNP Paribas Financial Markets raised its position in shares of Oshkosh by 154.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock valued at $16,044,000 after acquiring an additional 97,282 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Oshkosh by 15.9% in the 2nd quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock valued at $66,405,000 after purchasing an additional 85,698 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Oshkosh by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock worth $196,370,000 after purchasing an additional 78,235 shares during the last quarter. Finally, Edgestream Partners L.P. grew its stake in shares of Oshkosh by 704.3% during the third quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock worth $6,817,000 after purchasing an additional 59,566 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. reduced their target price on Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday. Truist Financial decreased their price objective on shares of Oshkosh from $116.00 to $109.00 and set a “hold” rating for the company in a report on Thursday. Citigroup cut their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday. Robert W. Baird decreased their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, UBS Group dropped their price objective on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Oshkosh has a consensus rating of “Hold” and a consensus target price of $121.77.

Oshkosh Stock Performance

Shares of OSK stock opened at $94.53 on Friday. Oshkosh Co. has a 12 month low of $89.08 and a 12 month high of $127.98. The company’s fifty day simple moving average is $102.45 and its 200-day simple moving average is $103.59. The firm has a market cap of $6.15 billion, a PE ratio of 9.18, a P/E/G ratio of 0.94 and a beta of 1.21. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Equities research analysts expect that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s dividend payout ratio is currently 17.86%.

Oshkosh Company Profile

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.