M&T Bank Corp Reduces Stock Holdings in Oshkosh Corporation $OSK

M&T Bank Corp trimmed its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 50.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,989 shares of the company’s stock after selling 10,244 shares during the quarter. M&T Bank Corp’s holdings in Oshkosh were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. acquired a new stake in Oshkosh during the 3rd quarter worth about $26,000. Blue Trust Inc. lifted its position in Oshkosh by 471.1% during the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after acquiring an additional 179 shares during the period. SJS Investment Consulting Inc. lifted its position in Oshkosh by 3,014.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after acquiring an additional 211 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in Oshkosh during the 3rd quarter worth about $29,000. Finally, Root Financial Partners LLC acquired a new stake in Oshkosh during the 3rd quarter worth about $35,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OSK has been the subject of a number of research reports. Sanford C. Bernstein set a $138.00 price target on Oshkosh in a research report on Thursday, April 9th. Morgan Stanley lifted their price target on Oshkosh from $144.00 to $157.00 and gave the stock an “equal weight” rating in a research report on Monday, April 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $175.00 price target on shares of Oshkosh in a research report on Monday, March 2nd. Robert W. Baird set a $182.00 price target on Oshkosh in a research report on Friday, January 30th. Finally, Wells Fargo & Company lifted their price target on Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $165.56.

Oshkosh Stock Performance

Shares of OSK stock opened at $147.16 on Thursday. The stock has a market cap of $9.22 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39. The business has a 50-day simple moving average of $153.41 and a 200-day simple moving average of $143.63. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. Oshkosh Corporation has a 52-week low of $82.14 and a 52-week high of $180.49.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.07). The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $2.58 EPS. On average, equities analysts expect that Oshkosh Corporation will post 11.14 EPS for the current year.

Insider Activity

In other news, SVP Anupam Khare sold 4,000 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $169.07, for a total value of $676,280.00. Following the completion of the transaction, the senior vice president owned 13,577 shares of the company’s stock, valued at $2,295,463.39. The trade was a 22.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.64% of the stock is currently owned by company insiders.

Oshkosh Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.