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

Wright Investors Service Inc. acquired a new position in shares of Oshkosh Corporation (NYSE:OSK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,233 shares of the company’s stock, valued at approximately $532,000.

Several other institutional investors and hedge funds have also made changes to their positions in OSK. Alliancebernstein L.P. lifted its stake 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 buying an additional 822,874 shares during the period. Capital Research Global Investors acquired a new position in Oshkosh during the third quarter valued at $63,441,000. UBS Group AG boosted its holdings in Oshkosh by 162.3% in the third quarter. UBS Group AG now owns 603,041 shares of the company’s stock valued at $78,214,000 after purchasing an additional 373,172 shares during the last quarter. AQR Capital Management LLC grew its position in Oshkosh by 25.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock worth $193,728,000 after purchasing an additional 345,782 shares during the period. Finally, Invesco Ltd. grew its position in Oshkosh by 26.3% during the 3rd quarter. Invesco Ltd. now owns 1,476,969 shares of the company’s stock worth $191,563,000 after purchasing an additional 307,949 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Sanford C. Bernstein set a $138.00 price objective on Oshkosh in a research note on Thursday, April 9th. Raymond James Financial reiterated an “outperform” rating and set a $175.00 price objective on shares of Oshkosh in a research note on Monday, March 2nd. KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a research note on Thursday, December 18th. Truist Financial set a $183.00 price objective on Oshkosh in a research note on Friday, January 30th. Finally, Wall Street Zen upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Twelve equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Oshkosh currently has an average rating of “Moderate Buy” and a consensus price target of $165.56.

Oshkosh Stock Up 2.7%

OSK stock opened at $143.98 on Friday. The stock has a market capitalization of $9.02 billion, a P/E ratio of 14.37, a P/E/G ratio of 0.72 and a beta of 1.39. The firm has a 50-day simple moving average of $157.30 and a 200-day simple moving average of $142.31. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. Oshkosh Corporation has a 52 week low of $80.29 and a 52 week high of $180.49.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 EPS. Equities analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently announced 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. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, February 17th. Oshkosh’s dividend payout ratio is presently 22.75%.

Insider Activity at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the business’s stock in a transaction dated 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 owned 13,577 shares of the company’s stock, valued at $2,295,463.39. The trade was a 22.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is owned by corporate insiders.

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.