Retirement Systems of Alabama Buys 18,801 Shares of Oshkosh Corporation $OSK

Retirement Systems of Alabama boosted its stake in Oshkosh Corporation (NYSE:OSK) by 19.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,880 shares of the company’s stock after purchasing an additional 18,801 shares during the period. Retirement Systems of Alabama owned about 0.18% of Oshkosh worth $15,030,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in OSK. American Century Companies Inc. increased its holdings in shares of Oshkosh by 22.8% during the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock worth $324,587,000 after buying an additional 529,907 shares in the last quarter. LSV Asset Management grew its position in Oshkosh by 8.0% during the 2nd quarter. LSV Asset Management now owns 1,864,424 shares of the company’s stock worth $211,687,000 after acquiring an additional 137,818 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 acquiring an additional 345,782 shares during the last quarter. Bank of America Corp DE increased its holdings in Oshkosh by 2.4% in the 2nd quarter. Bank of America Corp DE now owns 1,090,142 shares of the company’s stock worth $123,775,000 after purchasing an additional 25,125 shares in the last quarter. Finally, Norges Bank bought a new position in Oshkosh in the second quarter valued at about $98,570,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on OSK shares. UBS Group reduced their price target on Oshkosh from $165.00 to $163.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Zacks Research cut shares of Oshkosh from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oshkosh in a research note on Thursday, January 22nd. Morgan Stanley boosted their price objective on shares of Oshkosh from $147.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Finally, Citigroup raised their target price on Oshkosh from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Thirteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $153.31.

Oshkosh Price Performance

OSK stock opened at $150.42 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.98 and a debt-to-equity ratio of 0.24. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 2.06 and a beta of 1.41. The company’s fifty day simple moving average is $135.49 and its 200 day simple moving average is $133.30. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $158.53.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.08. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period last year, the company posted $2.93 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current year.

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.