Associated Banc Corp Sells 134 Shares of Oshkosh Co. (NYSE:OSK)

Associated Banc Corp lessened its holdings in shares of Oshkosh Co. (NYSE:OSK) by 5.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,315 shares of the company’s stock after selling 134 shares during the quarter. Associated Banc Corp’s holdings in Oshkosh were worth $232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in shares of Oshkosh during the third quarter worth about $25,000. Bessemer Group Inc. boosted its holdings in shares of Oshkosh by 280.6% in the first quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after buying an additional 289 shares during the period. Versant Capital Management Inc increased its position in shares of Oshkosh by 5,563.6% during the second quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock worth $67,000 after acquiring an additional 612 shares in the last quarter. Eagle Bay Advisors LLC raised its holdings in shares of Oshkosh by 547.6% during the second quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock worth $72,000 after acquiring an additional 564 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Oshkosh by 26.2% in the 2nd quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock worth $79,000 after purchasing an additional 152 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Trading Down 0.5 %

Shares of Oshkosh stock opened at $113.60 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The business has a fifty day simple moving average of $105.26 and a two-hundred day simple moving average of $106.75. Oshkosh Co. has a 1 year low of $93.34 and a 1 year high of $127.98. The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of 1.12 and a beta of 1.18.

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

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.62%. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OSK. JPMorgan Chase & Co. lifted their price target on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Truist Financial cut their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Stifel Nicolaus decreased their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Robert W. Baird cut their price objective 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. Finally, Evercore ISI lowered their price target on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Oshkosh currently has a consensus rating of “Hold” and a consensus price target of $123.14.

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.