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

Amalgamated Bank decreased its stake in shares of Oshkosh Co. (NYSE:OSK) by 8.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 40,960 shares of the company’s stock after selling 3,654 shares during the quarter. Amalgamated Bank owned 0.06% of Oshkosh worth $4,432,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in OSK. Edgestream Partners L.P. acquired a new position in Oshkosh in the 2nd quarter valued at approximately $915,000. Renaissance Technologies LLC acquired a new position in shares of Oshkosh in the second quarter valued at $11,368,000. Dimensional Fund Advisors LP lifted its position in Oshkosh by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock worth $196,370,000 after purchasing an additional 78,235 shares during the period. Redwood Wealth Management Group LLC acquired a new stake in Oshkosh during the second quarter worth $111,000. Finally, Envestnet Asset Management Inc. increased its holdings in Oshkosh by 1.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 165,648 shares of the company’s stock valued at $17,923,000 after buying an additional 2,930 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on OSK shares. Jefferies Financial Group decreased their target price on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Raymond James started coverage on Oshkosh in a report on Friday, June 28th. They issued an “outperform” rating and a $125.00 target price for the company. Bank of America boosted their price target on Oshkosh from $108.00 to $112.00 and gave the company an “underperform” rating in a research note on Tuesday, May 28th. Truist Financial increased their price objective on Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus reduced their target price on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Oshkosh has an average rating of “Hold” and a consensus price target of $125.79.

Oshkosh Price Performance

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

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.69 earnings per share. Sell-side analysts forecast that Oshkosh Co. will post 11.7 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.46 per share. 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 dividend payout ratio is 17.61%.

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.