M&T Bank Corp Sells 5,308 Shares of Oshkosh Corporation (NYSE:OSK)

M&T Bank Corp trimmed its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 14.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,942 shares of the company's stock after selling 5,308 shares during the quarter. M&T Bank Corp's holdings in Oshkosh were worth $2,911,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. raised its stake in shares of Oshkosh by 78.4% during the 1st quarter. Crossmark Global Holdings Inc. now owns 6,864 shares of the company's stock worth $646,000 after buying an additional 3,017 shares in the last quarter. Callan Capital LLC lifted its stake in shares of Oshkosh by 8.1% in the 1st quarter. Callan Capital LLC now owns 3,383 shares of the company's stock valued at $318,000 after purchasing an additional 254 shares in the last quarter. Penserra Capital Management LLC increased its position in Oshkosh by 6.4% during the 1st quarter. Penserra Capital Management LLC now owns 4,172 shares of the company's stock worth $392,000 after purchasing an additional 251 shares in the last quarter. D.A. Davidson & CO. grew its stake in Oshkosh by 22.5% during the first quarter. D.A. Davidson & CO. now owns 4,917 shares of the company's stock worth $463,000 after buying an additional 902 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Oshkosh by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 149,716 shares of the company's stock valued at $14,085,000 after acquiring an additional 553 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Price Performance

NYSE:OSK traded down $2.33 on Tuesday, reaching $122.15. The stock had a trading volume of 907,912 shares, compared to its average volume of 681,282. The company has a market capitalization of $7.86 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 1.84 and a beta of 1.43. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $129.02. The company has a quick ratio of 0.86, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average price of $107.26 and a 200-day moving average price of $99.86.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The company's revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.89 earnings per share. Research analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Friday, May 16th. Oshkosh's dividend payout ratio (DPR) is 21.79%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OSK shares. UBS Group upped their price target on shares of Oshkosh from $119.00 to $149.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Jefferies Financial Group reiterated a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. KeyCorp dropped their price target on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley dropped their price target on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Evercore ISI increased their price objective on shares of Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.85.

Oshkosh Company 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.