Allspring Global Investments Holdings LLC Has $2.35 Million Stock Holdings in Oshkosh Co. (NYSE:OSK)

Allspring Global Investments Holdings LLC increased its position in Oshkosh Co. (NYSE:OSK) by 3.5% in the third quarter, Holdings Channel.com reports. The firm owned 23,412 shares of the company’s stock after acquiring an additional 797 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Oshkosh were worth $2,346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OSK. Raymond James & Associates boosted its position in shares of Oshkosh by 2.0% in the 3rd quarter. Raymond James & Associates now owns 77,269 shares of the company’s stock worth $7,743,000 after purchasing an additional 1,537 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Oshkosh in the third quarter valued at about $25,000. Good Life Advisors LLC boosted its holdings in Oshkosh by 4.8% during the third quarter. Good Life Advisors LLC now owns 10,433 shares of the company’s stock worth $1,045,000 after buying an additional 479 shares during the last quarter. nVerses Capital LLC grew its position in shares of Oshkosh by 138.1% during the 3rd quarter. nVerses Capital LLC now owns 5,000 shares of the company’s stock worth $501,000 after buying an additional 2,900 shares during the period. Finally, Wedge Capital Management L L P NC increased its stake in shares of Oshkosh by 6.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 119,002 shares of the company’s stock valued at $11,925,000 after acquiring an additional 7,713 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Price Performance

Shares of OSK opened at $107.83 on Wednesday. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 1.04 and a beta of 1.19. The business has a 50-day moving average of $102.81 and a 200-day moving average of $107.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. Oshkosh Co. has a 1 year low of $86.37 and a 1 year high of $127.98.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.34. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same period last year, the company posted $2.69 EPS. The business’s quarterly revenue was up 18.0% on a year-over-year basis. As a group, equities research analysts anticipate that Oshkosh Co. will post 11.33 earnings per share for the current year.

Analyst Ratings Changes

OSK has been the topic of several analyst reports. Truist Financial cut their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Stifel Nicolaus lowered their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Evercore ISI cut their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Finally, Jefferies Financial Group decreased their price objective on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $125.29.

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.