Allianz Asset Management GmbH Has $2.08 Million Stake in Oshkosh Corporation (NYSE:OSK)

Allianz Asset Management GmbH trimmed its position in Oshkosh Corporation (NYSE:OSK - Free Report) by 20.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,116 shares of the company's stock after selling 5,598 shares during the quarter. Allianz Asset Management GmbH's holdings in Oshkosh were worth $2,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Synovus Financial Corp increased its holdings in shares of Oshkosh by 0.4% in the 4th quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock valued at $2,886,000 after acquiring an additional 106 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in shares of Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after acquiring an additional 110 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Oshkosh by 3.9% in the 4th quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock valued at $310,000 after acquiring an additional 122 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Oshkosh by 91.4% in the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after acquiring an additional 127 shares during the last quarter. Finally, Capital Insight Partners LLC grew its stake in Oshkosh by 3.9% during the 1st quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock worth $433,000 after buying an additional 171 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Stock Up 3.2%

OSK stock traded up $4.02 during mid-day trading on Friday, hitting $130.55. The stock had a trading volume of 1,492,233 shares, compared to its average volume of 744,290. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $133.86. The company has a fifty day moving average of $115.39 and a 200 day moving average of $102.90. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 2.04 and a beta of 1.43.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.43. Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the firm posted $3.34 EPS. The business's revenue was down 4.0% compared to the same quarter last year. On average, equities analysts expect that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Robert W. Baird upped their price objective on Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. 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 note on Wednesday, April 16th. Citigroup restated a "buy" rating and set a $130.00 price objective (up from $125.00) on shares of Oshkosh in a research note on Tuesday, June 24th. Truist Financial upgraded Oshkosh from a "hold" rating to a "buy" rating and upped their price objective for the stock from $93.00 to $127.00 in a research note on Tuesday, June 3rd. Finally, KeyCorp lowered their price objective on Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $129.69.

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.