US Bancorp DE Acquires 190 Shares of Oshkosh Corporation (NYSE:OSK)

US Bancorp DE increased its holdings in Oshkosh Corporation (NYSE:OSK) by 6.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,202 shares of the company’s stock after purchasing an additional 190 shares during the period. US Bancorp DE’s holdings in Oshkosh were worth $301,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Nicolet Advisory Services LLC increased its position in Oshkosh by 4.8% in the first quarter. Nicolet Advisory Services LLC now owns 44,253 shares of the company’s stock worth $4,163,000 after purchasing an additional 2,023 shares during the last quarter. NorthRock Partners LLC increased its position in Oshkosh by 14.8% during the first quarter. NorthRock Partners LLC now owns 2,917 shares of the company’s stock valued at $274,000 after acquiring an additional 375 shares during the last quarter. Bayforest Capital Ltd bought a new position in Oshkosh during the first quarter valued at $690,000. Vestcor Inc bought a new position in Oshkosh during the first quarter valued at $430,000. Finally, XTX Topco Ltd bought a new position in Oshkosh during the first quarter valued at $358,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Up 2.1%

NYSE:OSK opened at $141.74 on Thursday. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $141.98. The company has a 50-day moving average of $121.98 and a 200 day moving average of $105.44. The firm has a market cap of $9.07 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 1.73 and a beta of 1.43. 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 results on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating the consensus estimate of $2.98 by $0.43. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the business posted $3.34 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, research analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be issued a $0.51 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.4%. Oshkosh’s payout ratio is currently 20.48%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OSK. Morgan Stanley cut their price objective 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. The Goldman Sachs Group upgraded shares of Oshkosh from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $124.00 to $131.00 in a research report on Tuesday, July 1st. Jefferies Financial Group reiterated a “hold” rating on shares of Oshkosh in a research report on Friday, June 6th. JPMorgan Chase & Co. boosted their price objective on shares of Oshkosh from $92.00 to $106.00 and gave the company a “neutral” rating in a research report on Friday, June 6th. Finally, DA Davidson set a $160.00 price objective on shares of Oshkosh and gave the company a “buy” rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.08.

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.