M&T Bank Corp Cuts Stock Position in Oshkosh Co. (NYSE:OSK)

M&T Bank Corp lessened its stake in shares of Oshkosh Co. (NYSE:OSK) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,250 shares of the company’s stock after selling 6,128 shares during the quarter. M&T Bank Corp owned about 0.06% of Oshkosh worth $3,447,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Blue Trust Inc. grew its holdings in Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after acquiring an additional 138 shares during the period. Hager Investment Management Services LLC acquired a new position in Oshkosh during the fourth quarter worth $32,000. Brooklyn Investment Group acquired a new position in Oshkosh during the third quarter worth $34,000. Proficio Capital Partners LLC acquired a new position in Oshkosh during the fourth quarter worth $34,000. Finally, V Square Quantitative Management LLC grew its holdings in Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after acquiring an additional 157 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on OSK. Citigroup lowered their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. upped their target price on Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Raymond James upped their target price on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Bank of America upped their target price on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Finally, UBS Group upped their target price on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $125.92.

Oshkosh Stock Up 0.9 %

Shares of NYSE:OSK opened at $98.43 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98. The stock’s fifty day simple moving average is $100.81 and its 200-day simple moving average is $103.00. The company has a market capitalization of $6.35 billion, a P/E ratio of 9.51, a P/E/G ratio of 1.45 and a beta of 1.21.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. As a group, equities research analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.51 per share. The ex-dividend date was Friday, February 14th. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.07%. Oshkosh’s dividend payout ratio is 19.71%.

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.