Fifth Third Bancorp Sells 135 Shares of Oshkosh Corporation (NYSE:OSK)

Fifth Third Bancorp decreased its holdings in Oshkosh Corporation (NYSE:OSK) by 9.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,314 shares of the company’s stock after selling 135 shares during the period. Fifth Third Bancorp’s holdings in Oshkosh were worth $124,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Simon Quick Advisors LLC bought a new position in shares of Oshkosh in the 1st quarter valued at about $264,000. Baker Ellis Asset Management LLC lifted its holdings in shares of Oshkosh by 2.8% in the 1st quarter. Baker Ellis Asset Management LLC now owns 35,304 shares of the company’s stock valued at $3,321,000 after acquiring an additional 947 shares during the last quarter. CX Institutional bought a new position in shares of Oshkosh in the 1st quarter valued at about $28,000. Handelsbanken Fonder AB purchased a new stake in Oshkosh in the 1st quarter worth about $2,130,000. Finally, Pallas Capital Advisors LLC purchased a new stake in Oshkosh in the 1st quarter worth about $968,000. Institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

OSK has been the topic of a number of recent analyst reports. Bank of America increased their price objective on shares of Oshkosh from $90.00 to $103.00 and gave the stock an “underperform” rating in a research report on Friday, June 6th. Truist Financial raised shares of Oshkosh from a “hold” rating to a “buy” rating and increased their price objective for the stock from $93.00 to $127.00 in a research report on Tuesday, June 3rd. The Goldman Sachs Group reduced their price objective on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Evercore ISI increased their price objective on shares of Oshkosh from $137.00 to $147.00 and gave the stock an “outperform” rating in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of Oshkosh from $92.00 to $106.00 and gave the stock a “neutral” rating in a research report on Friday, June 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Oshkosh currently has a consensus rating of “Hold” and a consensus target price of $120.29.

Oshkosh Stock Performance

Shares of OSK stock opened at $109.69 on Friday. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.60 and a beta of 1.41. The company’s 50 day moving average is $96.83 and its 200 day moving average is $97.91. The company has a quick ratio of 0.86, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $118.39.

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

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 annualized dividend and a yield of 1.86%. Oshkosh’s dividend payout ratio (DPR) is 21.79%.

Oshkosh 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.