M&T Bank Corp Sells 10,244 Shares of Oshkosh Corporation $OSK

Key Points

• M&T Bank Corp cut its position in Oshkosh by 50.6%, selling 10,244 shares in Q4 and retaining 9,989 shares valued at $1.255 million.
• SVP Anupam Khare sold 4,000 shares at an average price of $169.07 on Feb. 27, a 22.76% reduction that left him with 13,577 shares (insiders own 0.64%).
• Institutional ownership is high at 92.36% with several major managers increasing stakes, analysts have a consensus "Moderate Buy" with a $165.56 target, and Oshkosh recently missed EPS ($2.26 vs. $2.33) while beating revenue.

M&T Bank Corp cut its position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 50.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,989 shares of the company's stock after selling 10,244 shares during the period. M&T Bank Corp's holdings in Oshkosh were worth $1,255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. LSV Asset Management raised its position in Oshkosh by 1.7% during the 3rd quarter. LSV Asset Management now owns 1,895,825 shares of the company's stock valued at $245,889,000 after purchasing an additional 31,401 shares in the last quarter. AQR Capital Management LLC raised its position in Oshkosh by 25.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company's stock valued at $193,728,000 after purchasing an additional 345,782 shares in the last quarter. Invesco Ltd. raised its position in Oshkosh by 26.3% during the 3rd quarter. Invesco Ltd. now owns 1,476,969 shares of the company's stock valued at $191,563,000 after purchasing an additional 307,949 shares in the last quarter. Bank of America Corp DE raised its position in Oshkosh by 2.4% during the 2nd quarter. Bank of America Corp DE now owns 1,090,142 shares of the company's stock valued at $123,775,000 after purchasing an additional 25,125 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Oshkosh by 908.0% during the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company's stock valued at $118,481,000 after purchasing an additional 822,874 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Anupam Khare sold 4,000 shares of the business's stock in a transaction on Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the transaction, the senior vice president directly owned 13,577 shares in the company, 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 Securities & Exchange Commission, which is available through this link. 0.64% of the stock is currently owned by company insiders.

Oshkosh Stock Down 1.7%

Shares of OSK stock opened at $147.16 on Thursday. Oshkosh Corporation has a 1-year low of $82.14 and a 1-year high of $180.49. The stock's fifty day moving average price is $153.41 and its 200 day moving average price is $143.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. The company has a market cap of $9.22 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter last year, the firm earned $2.58 earnings per share. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts expect that Oshkosh Corporation will post 11.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OSK. Bank of America upgraded Oshkosh from an "underperform" rating to a "neutral" rating and set a $149.00 price target on the stock in a report on Tuesday, February 3rd. Citigroup downgraded Oshkosh from a "buy" rating to a "neutral" rating and cut their price target for the company from $180.00 to $170.00 in a report on Monday, April 13th. Zacks Research upgraded Oshkosh from a "strong sell" rating to a "hold" rating in a report on Thursday, March 5th. Sanford C. Bernstein set a $138.00 price target on Oshkosh in a report on Thursday, April 9th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $175.00 price target on shares of Oshkosh in a report on Monday, March 2nd. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $165.56.

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.

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