Vanguard Group Inc. Reduces Position in Oshkosh Corporation $OSK

Key Points

• Vanguard trimmed its stake in Oshkosh (OSK) by 2.4% in Q4, selling 191,852 shares and now holding 7,765,452 shares (12.28% of the company) valued at about $975.6 million.
• Oshkosh reported Q4 EPS of $2.26, missing estimates by $0.07 while revenue of $2.69 billion topped expectations and rose 3.5% year-over-year; analysts’ consensus rating is a Moderate Buy with a $165.56 target.
• Institutional ownership is high at 92.36%, and several large funds aggressively increased exposure (e.g., AllianceBernstein +908%, UBS +162%, Invesco +26%), indicating strong institutional accumulation despite the Vanguard trim.

Vanguard Group Inc. cut its position in Oshkosh Corporation (NYSE:OSK - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,765,452 shares of the company's stock after selling 191,852 shares during the period. Vanguard Group Inc. owned 12.28% of Oshkosh worth $975,574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of OSK. Alliancebernstein L.P. increased its position in shares of Oshkosh by 908.0% in the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company's stock valued at $118,481,000 after purchasing an additional 822,874 shares during the last quarter. Capital Research Global Investors acquired a new position in shares of Oshkosh in the 3rd quarter valued at $63,441,000. UBS Group AG boosted its holdings in shares of Oshkosh by 162.3% in the 3rd quarter. UBS Group AG now owns 603,041 shares of the company's stock valued at $78,214,000 after buying an additional 373,172 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Oshkosh by 25.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company's stock valued at $193,728,000 after buying an additional 345,782 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Oshkosh by 26.3% in the 3rd quarter. Invesco Ltd. now owns 1,476,969 shares of the company's stock valued at $191,563,000 after buying an additional 307,949 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Down 0.6%

OSK stock opened at $155.30 on Friday. The company has a fifty day moving average price of $153.13 and a 200 day moving average price of $143.72. Oshkosh Corporation has a 12 month low of $87.54 and a 12 month high of $180.49. The company has a market cap of $9.73 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 0.80 and a beta of 1.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The business had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter last year, the company earned $2.58 EPS. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts expect that Oshkosh Corporation will post 11.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on OSK shares. Zacks Research upgraded shares of Oshkosh from a "strong sell" rating to a "hold" rating in a report on Thursday, March 5th. Weiss Ratings restated a "buy (b-)" rating on shares of Oshkosh in a report on Tuesday, April 21st. DA Davidson upped their target price on shares of Oshkosh from $160.00 to $168.00 and gave the company a "buy" rating in a report on Monday, February 2nd. UBS Group upped their target price on shares of Oshkosh from $167.00 to $197.00 and gave the company a "buy" rating in a report on Friday, March 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Oshkosh from $182.00 to $158.00 and set a "neutral" rating for the company in a report on Friday, April 10th. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $165.56.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $169.07, for a total value of $676,280.00. Following the transaction, the senior vice president directly owned 13,577 shares in the company, valued at approximately $2,295,463.39. This trade represents a 22.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.64% of the company's stock.

Oshkosh Company Profile

Oshkosh Corporation NYSE: OSK is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company's offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.

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