Swiss National Bank Sells 1,600 Shares of Oshkosh Corporation (NYSE:OSK)

Swiss National Bank lowered its holdings in Oshkosh Corporation (NYSE:OSK) by 1.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 126,100 shares of the company’s stock after selling 1,600 shares during the period. Swiss National Bank’s holdings in Oshkosh were worth $11,863,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its stake in shares of Oshkosh by 91.4% in the first quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock worth $25,000 after acquiring an additional 127 shares during the last quarter. CX Institutional acquired a new position in Oshkosh during the 1st quarter valued at $28,000. Coppell Advisory Solutions LLC grew its position in Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock worth $30,000 after purchasing an additional 110 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock valued at $30,000 after buying an additional 186 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Oshkosh by 88.7% during the first quarter. Signaturefd LLC now owns 636 shares of the company’s stock valued at $60,000 after acquiring an additional 299 shares during the period. 92.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on OSK shares. Jefferies Financial Group restated a “hold” rating on shares of Oshkosh in a research report on Friday, June 6th. DA Davidson set a $160.00 price target on shares of Oshkosh and gave the company a “buy” rating in a report on Tuesday, August 5th. Truist Financial raised shares of Oshkosh from a “hold” rating to a “buy” rating and raised their price objective for the stock from $93.00 to $127.00 in a report on Tuesday, June 3rd. Robert W. Baird lifted their target price on shares of Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Finally, Citigroup reissued a “buy” rating and issued a $130.00 price target (up previously from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $133.08.

Oshkosh Stock Down 1.0%

Shares of OSK opened at $140.27 on Friday. The company has a market capitalization of $8.98 billion, a P/E ratio of 14.08, a PEG ratio of 1.76 and a beta of 1.43. Oshkosh Corporation has a one year low of $76.82 and a one year high of $141.98. The business’s 50 day simple moving average is $122.59 and its 200-day simple moving average is $105.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Friday, August 1st. The company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the firm earned $3.34 earnings per share. The business’s revenue was down 4.0% on a year-over-year basis. As a group, sell-side analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. Oshkosh’s payout ratio is currently 20.48%.

About Oshkosh

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.