Oshkosh Co. (NYSE:OSK) Shares Sold by Comerica Bank

by · The Cerbat Gem

Comerica Bank trimmed its holdings in shares of Oshkosh Co. (NYSE:OSK – Free Report) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,581 shares of the company’s stock after selling 2,308 shares during the period. Comerica Bank’s holdings in Oshkosh were worth $2,812,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Barclays PLC boosted its stake in Oshkosh by 40.9% in the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock valued at $11,192,000 after acquiring an additional 32,435 shares during the period. Tidal Investments LLC boosted its stake in Oshkosh by 8.3% during the 3rd quarter. Tidal Investments LLC now owns 10,841 shares of the company’s stock valued at $1,086,000 after purchasing an additional 827 shares during the period. Franklin Resources Inc. bought a new stake in shares of Oshkosh during the third quarter valued at approximately $532,000. JPMorgan Chase & Co. grew its holdings in Oshkosh by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock worth $19,632,000 after buying an additional 28,478 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Oshkosh by 29.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company’s stock valued at $29,675,000 after acquiring an additional 71,911 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Robert W. Baird lowered their price target on Oshkosh from $163.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Morgan Stanley dropped their price target on shares of Oshkosh from $110.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Truist Financial decreased their price objective on shares of Oshkosh from $94.00 to $93.00 and set a “hold” rating for the company in a report on Thursday, May 1st. KeyCorp dropped their target price on Oshkosh from $132.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, UBS Group decreased their price target on Oshkosh from $137.00 to $97.00 and set a “buy” rating for the company in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Oshkosh currently has an average rating of “Moderate Buy” and an average target price of $112.64.

Get Our Latest Research Report on OSK

Oshkosh Stock Performance

Shares of OSK opened at $88.60 on Thursday. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 1.45 and a beta of 1.37. The company has a 50-day moving average of $90.65 and a two-hundred day moving average of $99.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. Oshkosh Co. has a one year low of $76.82 and a one year high of $123.25.

Oshkosh (NYSE:OSK – Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.10). The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.89 EPS. On average, equities research analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Friday, May 16th. Oshkosh’s dividend payout ratio is presently 21.79%.

Oshkosh Profile

(Free Report)

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.

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