Amalgamated Bank Grows Stake in Oshkosh Co. (NYSE:OSK)

Amalgamated Bank raised its position in Oshkosh Co. (NYSE:OSK) by 6.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 45,543 shares of the company’s stock after purchasing an additional 2,816 shares during the period. Amalgamated Bank owned about 0.07% of Oshkosh worth $4,937,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System acquired a new stake in shares of Oshkosh during the fourth quarter worth $1,995,000. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Oshkosh by 92.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,395 shares of the company’s stock worth $2,138,000 after acquiring an additional 10,770 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Oshkosh by 38.8% in the third quarter. Envestnet Asset Management Inc. now owns 122,800 shares of the company’s stock worth $11,719,000 after acquiring an additional 34,325 shares during the last quarter. Greenhaven Associates Inc. grew its holdings in Oshkosh by 0.5% in the fourth quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company’s stock valued at $267,750,000 after purchasing an additional 11,100 shares during the period. Finally, Raymond James & Associates increased its position in Oshkosh by 26.9% during the fourth quarter. Raymond James & Associates now owns 72,470 shares of the company’s stock worth $7,856,000 after purchasing an additional 15,358 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Stock Up 0.0 %

OSK stock opened at $116.48 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The firm’s 50-day simple moving average is $118.36 and its 200 day simple moving average is $108.31. The stock has a market cap of $7.62 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30. Oshkosh Co. has a fifty-two week low of $72.09 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.26 by $0.63. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. Oshkosh’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.59 earnings per share. As a group, sell-side analysts predict that Oshkosh Co. will post 11.16 EPS for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh’s dividend payout ratio is 17.61%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OSK. StockNews.com downgraded Oshkosh from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Robert W. Baird boosted their price objective on shares of Oshkosh from $140.00 to $158.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. TheStreet raised Oshkosh from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Stifel Nicolaus boosted their price target on Oshkosh from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Citigroup upped their target price on shares of Oshkosh from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and a consensus price target of $123.50.

Insider Activity at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the sale, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.58% of the stock is currently owned by corporate insiders.

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.