Alberta Investment Management Corp Takes Position in Oshkosh Co. (NYSE:OSK)

Alberta Investment Management Corp acquired a new stake in shares of Oshkosh Co. (NYSE:OSKFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,380 shares of the company’s stock, valued at approximately $692,000.

A number of other large investors also recently bought and sold shares of the business. LSV Asset Management increased its holdings in shares of Oshkosh by 410.6% in the 4th quarter. LSV Asset Management now owns 1,848,390 shares of the company’s stock valued at $200,384,000 after acquiring an additional 1,486,402 shares during the period. Norges Bank bought a new stake in shares of Oshkosh in the 4th quarter valued at about $83,524,000. Assenagon Asset Management S.A. grew its position in shares of Oshkosh by 1,374.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 257,142 shares of the company’s stock worth $27,877,000 after buying an additional 239,707 shares during the last quarter. Qube Research & Technologies Ltd raised its stake 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 worth $32,027,000 after acquiring an additional 204,278 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Oshkosh by 58.0% in the third quarter. AQR Capital Management LLC now owns 430,806 shares of the company’s stock valued at $41,112,000 after acquiring an additional 158,115 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Stifel Nicolaus increased their price objective on Oshkosh from $135.00 to $140.00 and gave the company a “buy” rating in a report on Friday, April 26th. Robert W. Baird upped their price objective on shares of Oshkosh from $158.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, May 10th. JPMorgan Chase & Co. lifted their price objective on shares of Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Truist Financial lifted their price target on Oshkosh from $121.00 to $132.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, StockNews.com lowered Oshkosh from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.94.

Check Out Our Latest Report on Oshkosh

Oshkosh Stock Down 2.0 %

Shares of NYSE OSK opened at $111.48 on Tuesday. The stock has a market cap of $7.29 billion, a PE ratio of 10.67, a P/E/G ratio of 1.11 and a beta of 1.26. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Oshkosh Co. has a 12-month low of $78.88 and a 12-month high of $127.98. The company has a 50-day moving average of $119.09 and a 200 day moving average of $111.71.

Oshkosh (NYSE:OSKGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the business posted $1.59 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts predict that Oshkosh Co. will post 11.17 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, May 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.65%. Oshkosh’s dividend payout ratio is currently 17.61%.

Oshkosh Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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