First National Bank of Omaha Decreases Stock Holdings in Oshkosh Co. (NYSE:OSK)

First National Bank of Omaha reduced its position in shares of Oshkosh Co. (NYSE:OSK) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,526 shares of the company’s stock after selling 104 shares during the period. First National Bank of Omaha’s holdings in Oshkosh were worth $1,255,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of OSK. CWM LLC lifted its holdings in Oshkosh by 36.2% in the 2nd quarter. CWM LLC now owns 5,644 shares of the company’s stock worth $611,000 after buying an additional 1,500 shares during the period. SG Americas Securities LLC purchased a new stake in Oshkosh in the second quarter worth $1,500,000. M&G Plc boosted its holdings in Oshkosh by 6.5% in the second quarter. M&G Plc now owns 128,646 shares of the company’s stock valued at $13,894,000 after acquiring an additional 7,832 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Oshkosh by 5.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,104 shares of the company’s stock valued at $1,201,000 after purchasing an additional 532 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Oshkosh by 8.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,086 shares of the company’s stock worth $1,416,000 after purchasing an additional 1,000 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Evercore ISI decreased their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. JPMorgan Chase & Co. raised their target price on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Finally, Truist Financial reduced their price target on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Oshkosh currently has an average rating of “Hold” and an average target price of $123.14.

Oshkosh Stock Down 4.7 %

OSK stock opened at $106.63 on Monday. The stock has a market capitalization of $6.94 billion, a P/E ratio of 10.35, a P/E/G ratio of 1.05 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh Co. has a 1-year low of $93.34 and a 1-year high of $127.98. The business has a fifty day moving average price of $107.14 and a 200-day moving average price of $106.29.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Equities analysts forecast that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.46 per share. The ex-dividend date was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.73%. Oshkosh’s dividend payout ratio is presently 17.86%.

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.