Oshkosh Co. (NYSE:OSK) Shares Acquired by M&T Bank Corp

M&T Bank Corp boosted its holdings in Oshkosh Co. (NYSE:OSK) by 1.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 42,378 shares of the company’s stock after buying an additional 582 shares during the quarter. M&T Bank Corp’s holdings in Oshkosh were worth $4,247,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of Oshkosh in the 3rd quarter worth $25,000. Brooklyn Investment Group acquired a new position in shares of Oshkosh in the 3rd quarter valued at $34,000. Eagle Bay Advisors LLC increased its stake in Oshkosh by 547.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock worth $72,000 after purchasing an additional 564 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Oshkosh by 9,922.2% during the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock worth $90,000 after buying an additional 893 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in Oshkosh by 35.5% during the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock valued at $100,000 after buying an additional 262 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of OSK opened at $101.41 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 1.01 and a beta of 1.19. The company’s fifty day moving average is $107.38 and its 200-day moving average is $106.06. Oshkosh Co. has a 12 month low of $93.34 and a 12 month high of $127.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. Equities analysts expect that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.81%. Oshkosh’s payout ratio is 17.86%.

Wall Street Analyst Weigh In

OSK has been the topic of a number of recent analyst reports. Truist Financial cut their price target 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. Robert W. Baird cut their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Evercore ISI decreased their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. JPMorgan Chase & Co. lifted their price target on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Finally, UBS Group reduced their price objective on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Oshkosh has a consensus rating of “Hold” and a consensus target price of $122.86.

Oshkosh Company 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.