Oshkosh Co. (NYSE:OSK) Stake Lowered by Comerica Bank

Posted by Defense World Staff on Apr 15th, 2023

Comerica Bank reduced its stake in shares of Oshkosh Co. (NYSE:OSK – Get Rating) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,639 shares of the company’s stock after selling 490 shares during the period. Comerica Bank owned 0.06% of Oshkosh worth $3,539,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of Oshkosh by 4.1% during the 3rd quarter. Victory Capital Management Inc. now owns 2,877,633 shares of the company’s stock valued at $202,269,000 after acquiring an additional 113,433 shares in the last quarter. Synovus Financial Corp grew its stake in shares of Oshkosh by 3.0% in the 3rd quarter. Synovus Financial Corp now owns 29,944 shares of the company’s stock valued at $2,106,000 after buying an additional 866 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Oshkosh by 8.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,955 shares of the company’s stock valued at $700,000 after buying an additional 742 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Oshkosh in the 3rd quarter valued at approximately $267,000. Finally, Tsfg LLC grew its stake in shares of Oshkosh by 2,616.0% in the 3rd quarter. Tsfg LLC now owns 679 shares of the company’s stock valued at $48,000 after buying an additional 654 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OSK has been the subject of several recent research reports. The Goldman Sachs Group cut Oshkosh from a “buy” rating to a “neutral” rating and set a $94.00 price target for the company. in a research note on Monday, April 3rd. Stifel Nicolaus upped their price objective on shares of Oshkosh from $100.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, January 20th. Wells Fargo & Company upped their price objective on shares of Oshkosh from $93.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 1st. Credit Suisse Group upped their target price on Oshkosh from $105.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. Finally, Raymond James decreased their target price on Oshkosh from $110.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, March 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh currently has an average rating of “Hold” and a consensus price target of $101.64.

Oshkosh Stock Up 0.3 %

Shares of OSK opened at $80.25 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $85.80 and a two-hundred day moving average price of $87.21. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 0.40 and a beta of 1.38. Oshkosh Co. has a 12 month low of $69.30 and a 12 month high of $106.66.

Oshkosh (NYSE:OSK – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.13). The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.18 billion. Oshkosh had a net margin of 1.92% and a return on equity of 7.18%. The business’s revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the company earned $0.09 earnings per share. Equities analysts predict that Oshkosh Co. will post 5.52 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 2nd. Shareholders of record on Thursday, February 16th were given a $0.41 dividend. The ex-dividend date was Wednesday, February 15th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.37. This represents a $1.64 dividend on an annualized basis and a yield of 2.04%. Oshkosh’s payout ratio is 67.77%.

Insiders Place Their Bets

In other news, SVP Jason P. Baab sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $89.00, for a total value of $89,000.00. Following the transaction, the senior vice president now directly owns 1,352 shares of the company’s stock, valued at approximately $120,328. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.64% of the company’s stock.

About Oshkosh

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Oshkosh Corp. engages in the design, manufacture, and marketing of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment, Defense, Fire & Emergency, and Commercial. The Access Equipment segment consists of JerrDan and JLG, which manufactures aerial work platforms and telehandlers that are used in construction, industrial, institutional, and general maintenance applications to position workers and materials at elevated heights.