Wright Investors Service Inc. Invests $532,000 in Oshkosh Corporation $OSK

Wright Investors Service Inc. bought a new position in shares of Oshkosh Corporation (NYSE:OSK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,233 shares of the company’s stock, valued at approximately $532,000.

A number of other institutional investors have also modified their holdings of OSK. Alliancebernstein L.P. increased its position in shares of Oshkosh by 908.0% during the third quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock worth $118,481,000 after acquiring an additional 822,874 shares during the period. Capital Research Global Investors purchased a new position in Oshkosh during the third quarter valued at approximately $63,441,000. UBS Group AG increased its holdings in Oshkosh by 162.3% during the third 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 during the period. AQR Capital Management LLC increased its holdings in Oshkosh by 25.4% during the second 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 during the period. Finally, Invesco Ltd. increased its holdings in Oshkosh by 26.3% during the third 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 during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction on Friday, February 27th. The shares were sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the sale, the senior vice president directly owned 13,577 shares in the company, valued at approximately $2,295,463.39. The trade was a 22.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.

Oshkosh Price Performance

Shares of OSK opened at $143.98 on Friday. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 0.72 and a beta of 1.39. Oshkosh Corporation has a twelve month low of $80.29 and a twelve month high of $180.49. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $157.30 and a two-hundred day moving average of $142.31.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.07). The firm 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%. Oshkosh’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business earned $2.58 earnings per share. As a group, analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were paid a dividend of $0.57 per share. The ex-dividend date was Tuesday, February 17th. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. Oshkosh’s payout ratio is presently 22.75%.

Wall Street Analyst Weigh In

OSK has been the topic of several research reports. Truist Financial set a $183.00 price objective on shares of Oshkosh in a report on Friday, January 30th. Zacks Research raised shares of Oshkosh from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Citigroup lowered shares of Oshkosh from a “buy” rating to a “neutral” rating and cut their price objective for the company from $180.00 to $170.00 in a report on Monday. Wells Fargo & Company lifted their price objective on shares of Oshkosh from $168.00 to $204.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Finally, Bank of America raised shares of Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price objective on the stock in a report on Tuesday, February 3rd. Twelve investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Oshkosh currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.56.

About Oshkosh

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.