Amalgamated Bank Has $2.81 Million Stock Holdings in Oshkosh Corporation (NYSE:OSK)

Amalgamated Bank cut its stake in shares of Oshkosh Corporation (NYSE:OSK) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,858 shares of the company’s stock after selling 1,187 shares during the period. Amalgamated Bank’s holdings in Oshkosh were worth $2,809,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Semanteon Capital Management LP boosted its position in Oshkosh by 29.1% during the fourth quarter. Semanteon Capital Management LP now owns 14,820 shares of the company’s stock valued at $1,409,000 after purchasing an additional 3,342 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Oshkosh by 9.7% in the fourth quarter. Advisors Asset Management Inc. now owns 54,968 shares of the company’s stock valued at $5,226,000 after buying an additional 4,846 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Oshkosh by 159.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 29,013 shares of the company’s stock valued at $2,730,000 after buying an additional 17,829 shares during the period. Norges Bank bought a new stake in Oshkosh in the fourth quarter valued at approximately $72,692,000. Finally, New Age Alpha Advisors LLC bought a new stake in Oshkosh in the fourth quarter valued at approximately $3,860,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Performance

NYSE:OSK opened at $124.21 on Friday. The stock has a market cap of $8.00 billion, a P/E ratio of 13.27, a PEG ratio of 1.82 and a beta of 1.43. The stock has a 50 day simple moving average of $103.42 and a 200 day simple moving average of $98.71. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $124.67.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.10). Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the business earned $2.89 EPS. Oshkosh’s revenue was down 9.1% on a year-over-year basis. Research analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 1.64%. Oshkosh’s dividend payout ratio (DPR) is presently 21.79%.

Wall Street Analyst Weigh In

Several research firms have issued reports on OSK. Robert W. Baird upped their price objective on Oshkosh from $135.00 to $169.00 and gave the company an “outperform” rating in a research note on Friday, June 6th. KeyCorp dropped their price objective on Oshkosh from $132.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group upgraded Oshkosh from a “neutral” rating to a “buy” rating and upped their price objective for the company from $124.00 to $131.00 in a research note on Tuesday. Jefferies Financial Group restated a “hold” rating on shares of Oshkosh in a research note on Friday, June 6th. Finally, DA Davidson dropped their price objective on Oshkosh from $120.00 to $111.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Oshkosh has an average rating of “Moderate Buy” and an average price target of $123.14.

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.