Oshkosh Co. (NYSE:OSK) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in Oshkosh Co. (NYSE:OSK) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,495 shares of the company’s stock after selling 2,917 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Oshkosh were worth $1,918,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares during the period. Hager Investment Management Services LLC purchased a new position in shares of Oshkosh during the 4th quarter worth approximately $32,000. Brooklyn Investment Group purchased a new position in shares of Oshkosh during the 3rd quarter worth approximately $34,000. International Assets Investment Management LLC boosted its position in shares of Oshkosh by 9,922.2% during the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock worth $90,000 after purchasing an additional 893 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in shares of Oshkosh by 35.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after purchasing an additional 262 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Down 6.5 %

NYSE OSK opened at $103.18 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The firm’s fifty day moving average price is $99.95 and its 200 day moving average price is $103.08. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 1.45 and a beta of 1.23. Oshkosh Co. has a 12 month low of $89.08 and a 12 month high of $127.98.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, sell-side analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a dividend of $0.51 per share. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Friday, February 14th. Oshkosh’s dividend payout ratio (DPR) is presently 19.71%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Evercore ISI increased their target price on shares of Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a report on Wednesday. Raymond James increased their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Citigroup reduced 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, January 14th. Robert W. Baird reduced their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Truist Financial increased their target price on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.23.

Oshkosh 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.