Oshkosh Co. (NYSE:OSK) Shares Sold by Federated Hermes Inc.

Posted by Defense World Staff on Mar 14th, 2023

Federated Hermes Inc. decreased its holdings in Oshkosh Co. (NYSE:OSK – Get Rating) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,643 shares of the company’s stock after selling 949 shares during the period. Federated Hermes Inc.’s holdings in Oshkosh were worth $1,029,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of OSK. New Century Advisors LLC boosted its stake in Oshkosh by 137.2% in the third quarter. New Century Advisors LLC now owns 351 shares of the company’s stock valued at $25,000 after acquiring an additional 203 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in Oshkosh in the second quarter valued at $26,000. Valley National Advisers Inc. boosted its stake in Oshkosh by 89.6% in the third quarter. Valley National Advisers Inc. now owns 400 shares of the company’s stock valued at $32,000 after acquiring an additional 189 shares in the last quarter. Tsfg LLC boosted its stake in Oshkosh by 2,616.0% in the third quarter. Tsfg LLC now owns 679 shares of the company’s stock valued at $48,000 after acquiring an additional 654 shares in the last quarter. Finally, Eagle Bay Advisors LLC boosted its stake in Oshkosh by 41.8% in the second quarter. Eagle Bay Advisors LLC now owns 682 shares of the company’s stock valued at $56,000 after acquiring an additional 201 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Activity

In other news, SVP Jason P. Baab sold 1,000 shares of the firm’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $89.00, for a total value of $89,000.00. Following the transaction, the senior vice president now owns 1,352 shares of the company’s stock, valued at approximately $120,328. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OSK. The Goldman Sachs Group upped their target price on shares of Oshkosh from $89.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, December 15th. Stifel Nicolaus upped their target price on shares of Oshkosh from $100.00 to $103.00 and gave the company a “buy” rating in a report on Friday, January 20th. Credit Suisse Group upped their target price on shares of Oshkosh from $105.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, February 1st. Wells Fargo & Company upped their target price on shares of Oshkosh from $93.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, February 1st. Finally, Citigroup cut their price target on shares of Oshkosh from $110.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, February 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $102.71.

Oshkosh Stock Down 3.2 %

Shares of NYSE OSK opened at $80.30 on Tuesday. Oshkosh Co. has a 1 year low of $69.30 and a 1 year high of $111.18. The firm’s 50 day moving average price is $93.94 and its 200 day moving average price is $87.18. The firm has a market cap of $5.25 billion, a P/E ratio of 33.18, a price-to-earnings-growth ratio of 0.41 and a beta of 1.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.87.

Oshkosh (NYSE:OSK – Get Rating) last posted 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 for the quarter, compared to analysts’ expectations of $2.18 billion. Oshkosh had a return on equity of 7.18% and a net margin of 1.92%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 EPS. As a group, sell-side analysts anticipate that Oshkosh Co. will post 5.53 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 2nd. Stockholders of record on Thursday, February 16th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Wednesday, February 15th. This is an increase from Oshkosh’s previous quarterly dividend of $0.37. Oshkosh’s dividend payout ratio (DPR) is currently 67.77%.

Oshkosh Company Profile

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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.