Fifth Third Bancorp Sells 144 Shares of Oshkosh Corporation $OSK

Fifth Third Bancorp lowered its position in Oshkosh Corporation (NYSE:OSK) by 11.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,170 shares of the company’s stock after selling 144 shares during the period. Fifth Third Bancorp’s holdings in Oshkosh were worth $133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in OSK. Covea Finance raised its stake in shares of Oshkosh by 11.8% during the second quarter. Covea Finance now owns 78,800 shares of the company’s stock valued at $8,947,000 after acquiring an additional 8,300 shares in the last quarter. AdvisorNet Financial Inc raised its stake in shares of Oshkosh by 10.9% during the second quarter. AdvisorNet Financial Inc now owns 4,139 shares of the company’s stock valued at $470,000 after acquiring an additional 407 shares in the last quarter. Kaufman Rossin Wealth LLC raised its stake in shares of Oshkosh by 9.7% during the second quarter. Kaufman Rossin Wealth LLC now owns 2,743 shares of the company’s stock valued at $311,000 after acquiring an additional 242 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Oshkosh by 21.8% during the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock valued at $67,000 after acquiring an additional 106 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Oshkosh by 22.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 35,655 shares of the company’s stock valued at $4,429,000 after acquiring an additional 6,642 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

OSK has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $92.00 to $106.00 and gave the company a “neutral” rating in a research note on Friday, June 6th. Evercore ISI reissued an “outperform” rating on shares of Oshkosh in a report on Tuesday, August 19th. Robert W. Baird lifted their price objective on shares of Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Finally, Bank of America lifted their price objective on shares of Oshkosh from $90.00 to $103.00 and gave the company an “underperform” rating in a report on Friday, June 6th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $140.58.

Insiders Place Their Bets

In related news, CMO Bryan K. Brandt sold 1,732 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the completion of the transaction, the chief marketing officer directly owned 10,459 shares in the company, valued at $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the transaction, the senior vice president owned 13,716 shares of the company’s stock, valued at $1,906,935.48. This represents a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Oshkosh Price Performance

Shares of OSK opened at $128.69 on Thursday. The firm has a market capitalization of $8.24 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.61 and a beta of 1.47. 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 Corporation has a 1-year low of $76.82 and a 1-year high of $144.30. The company’s fifty day moving average price is $135.40 and its 200-day moving average price is $113.30.

Oshkosh (NYSE:OSK) last posted its earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.43. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, equities research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a dividend of $0.51 per share. The ex-dividend date was Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. Oshkosh’s payout ratio is currently 20.48%.

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.