Pzena Investment Management LLC Sells 11,374 Shares of Oshkosh Corporation $OSK

Pzena Investment Management LLC decreased its position in Oshkosh Corporation (NYSE:OSK) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 514,513 shares of the company’s stock after selling 11,374 shares during the quarter. Pzena Investment Management LLC owned about 0.81% of Oshkosh worth $66,732,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Oshkosh during the 2nd quarter worth $98,570,000. American Century Companies Inc. grew its stake in shares of Oshkosh by 22.8% in the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after acquiring an additional 529,907 shares in the last quarter. AQR Capital Management LLC increased its position in Oshkosh by 25.4% during the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock worth $193,728,000 after acquiring an additional 345,782 shares during the period. Allianz Asset Management GmbH raised its stake in Oshkosh by 1,245.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 217,365 shares of the company’s stock worth $28,192,000 after purchasing an additional 201,209 shares in the last quarter. Finally, Amundi boosted its holdings in Oshkosh by 616.7% in the 2nd quarter. Amundi now owns 224,765 shares of the company’s stock valued at $27,529,000 after purchasing an additional 193,406 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Sanford C. Bernstein raised their target price on shares of Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, December 19th. Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Morgan Stanley dropped their price objective on Oshkosh from $155.00 to $144.00 and set an “equal weight” rating for the company in a report on Tuesday, February 3rd. Barclays began coverage on Oshkosh in a research report on Tuesday, November 25th. They set an “overweight” rating and a $150.00 target price for the company. Finally, KeyCorp restated an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $159.60.

Oshkosh Stock Up 1.9%

Shares of NYSE:OSK opened at $171.62 on Thursday. The company has a fifty day moving average of $147.35 and a 200-day moving average of $137.47. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $180.49. The company has a market capitalization of $10.86 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 0.85 and a beta of 1.43.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.07). The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.58 earnings per share. On average, equities analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a dividend yield of 1.3%. Oshkosh’s payout ratio is currently 22.75%.

Oshkosh 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.