Amalgamated Bank Sells 3,654 Shares of Oshkosh Co. (NYSE:OSK)

Amalgamated Bank lessened its position in Oshkosh Co. (NYSE:OSK) by 8.2% in the 2nd quarter, Holdings Channel reports. The firm owned 40,960 shares of the company’s stock after selling 3,654 shares during the period. Amalgamated Bank’s holdings in Oshkosh were worth $4,432,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Atlas Capital Advisors LLC raised its holdings in Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after buying an additional 139 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Oshkosh during the first quarter worth $31,000. Rise Advisors LLC lifted its position in Oshkosh by 215.5% in the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after acquiring an additional 181 shares in the last quarter. Bessemer Group Inc. boosted its stake in Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after purchasing an additional 289 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Oshkosh by 5,563.6% during the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock worth $67,000 after purchasing an additional 612 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on OSK. Stifel Nicolaus reduced their price objective on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Raymond James initiated coverage on Oshkosh in a research report on Friday, June 28th. They set an “outperform” rating and a $125.00 price target for the company. Evercore ISI cut their price objective on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Citigroup initiated coverage on shares of Oshkosh in a research report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 target price for the company. Finally, Truist Financial boosted their price target on shares of Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Oshkosh presently has a consensus rating of “Hold” and a consensus target price of $125.79.

Oshkosh Stock Down 1.9 %

OSK stock opened at $100.55 on Friday. The business’s 50 day simple moving average is $104.56 and its 200 day simple moving average is $111.26. Oshkosh Co. has a 1-year low of $86.10 and a 1-year high of $127.98. The firm has a market capitalization of $6.54 billion, a PE ratio of 9.62, a PEG ratio of 0.97 and a beta of 1.19. The company has a current ratio of 1.44, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.34. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The company’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.69 earnings per share. As a group, research analysts anticipate that Oshkosh Co. will post 11.7 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, August 16th. Oshkosh’s payout ratio is 17.61%.

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.