Oshkosh Co. (NYSE:OSK) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 29.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,493 shares of the company's stock after selling 90,641 shares during the period. Assenagon Asset Management S.A. owned 0.34% of Oshkosh worth $20,838,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of OSK. Vanguard Group Inc. raised its position in Oshkosh by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock valued at $774,035,000 after purchasing an additional 176,400 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Oshkosh by 9.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company's stock worth $220,342,000 after buying an additional 206,377 shares during the period. American Century Companies Inc. lifted its position in shares of Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock valued at $193,031,000 after buying an additional 384,141 shares during the last quarter. FMR LLC raised its stake in shares of Oshkosh by 13.0% during the 4th quarter. FMR LLC now owns 1,383,558 shares of the company's stock worth $131,535,000 after acquiring an additional 159,667 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Oshkosh by 2.3% in the fourth quarter. Invesco Ltd. now owns 1,243,561 shares of the company's stock valued at $118,225,000 after acquiring an additional 27,659 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Trading Down 0.4%

Shares of NYSE OSK traded down $0.41 during mid-day trading on Friday, reaching $110.87. 746,806 shares of the company's stock were exchanged, compared to its average volume of 654,906. The company's 50-day moving average is $94.22 and its 200-day moving average is $98.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.45 and a beta of 1.41. Oshkosh Co. has a 52-week low of $76.82 and a 52-week high of $118.39.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). The firm had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.42 billion. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The business's revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.89 earnings per share. Analysts expect that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Friday, May 16th. Oshkosh's dividend payout ratio is currently 21.79%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on OSK shares. Morgan Stanley lowered their price objective on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Citigroup restated an "underperform" rating on shares of Oshkosh in a research note on Friday, June 6th. JPMorgan Chase & Co. upped their price objective on shares of Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a report on Friday, June 6th. Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and upped their target price for the company from $93.00 to $127.00 in a research report on Tuesday, June 3rd. Finally, Evercore ISI raised their price target on shares of Oshkosh from $137.00 to $147.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $120.29.

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.