Assenagon Asset Management S.A. Has $29.68 Million Stock Position in Oshkosh Co. (NYSE:OSK)

Assenagon Asset Management S.A. boosted its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 29.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 312,134 shares of the company's stock after purchasing an additional 71,911 shares during the period. Assenagon Asset Management S.A. owned approximately 0.48% of Oshkosh worth $29,675,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Greenhaven Associates Inc. lifted its position in shares of Oshkosh by 0.8% during the third quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company's stock worth $254,181,000 after purchasing an additional 19,442 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Oshkosh by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company's stock worth $196,370,000 after buying an additional 78,235 shares in the last quarter. FMR LLC boosted its stake in Oshkosh by 3.3% during the 3rd quarter. FMR LLC now owns 1,223,891 shares of the company's stock valued at $122,646,000 after acquiring an additional 39,235 shares during the last quarter. Geode Capital Management LLC grew its holdings in Oshkosh by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company's stock worth $109,250,000 after acquiring an additional 10,357 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Oshkosh by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company's stock worth $68,561,000 after purchasing an additional 4,974 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on OSK. JPMorgan Chase & Co. reduced their target price on Oshkosh from $125.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday. Robert W. Baird decreased their price objective on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Truist Financial dropped their target price on shares of Oshkosh from $116.00 to $109.00 and set a "hold" rating on the stock in a report on Thursday. Citigroup lowered their price objective on shares of Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, UBS Group reduced their price objective on Oshkosh from $129.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Oshkosh currently has an average rating of "Hold" and an average price target of $121.77.

Oshkosh Price Performance

Shares of OSK traded up $1.03 during mid-day trading on Friday, hitting $95.55. The company's stock had a trading volume of 515,173 shares, compared to its average volume of 574,616. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 0.94 and a beta of 1.21. The firm has a 50-day moving average price of $102.09 and a 200 day moving average price of $103.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.06. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. On average, research analysts predict that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh's payout ratio is 17.86%.

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.