Oshkosh Corporation $OSK Shares Bought by Comerica Bank

Key Points

• Comerica Bank increased its stake in Oshkosh Corporation shares by 35.9%, owning 40,214 shares valued at approximately $3.78 million following the purchase of 10,633 additional shares.
• Oshkosh reported quarterly earnings of $3.41 EPS, exceeding estimates, with a revenue of $2.73 billion, although down 4% year-over-year.
• The company declared a quarterly dividend of $0.51 per share, representing a 1.5% yield, with a payout ratio of 20.48% as of the latest filing.

Comerica Bank boosted its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 35.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,214 shares of the company's stock after buying an additional 10,633 shares during the quarter. Comerica Bank owned 0.06% of Oshkosh worth $3,783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. Captrust Financial Advisors grew its position in shares of Oshkosh by 3.9% in the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock valued at $310,000 after purchasing an additional 122 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Oshkosh by 91.4% in the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after purchasing an additional 127 shares during the last quarter. Capital Insight Partners LLC grew its position in shares of Oshkosh by 3.9% in the first quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock valued at $433,000 after purchasing an additional 171 shares during the last quarter. Golden State Wealth Management LLC grew its position in shares of Oshkosh by 147.6% in the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after purchasing an additional 186 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of Oshkosh by 6.3% in the first quarter. US Bancorp DE now owns 3,202 shares of the company's stock valued at $301,000 after purchasing an additional 190 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Performance

Shares of OSK opened at $139.19 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. The company has a market capitalization of $8.91 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.73 and a beta of 1.43. The company's 50 day simple moving average is $129.21 and its 200 day simple moving average is $108.12. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $144.30.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.43. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The company's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, sell-side analysts predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Oshkosh's dividend payout ratio (DPR) is currently 20.48%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OSK. Wall Street Zen lowered shares of Oshkosh from a "buy" rating to a "hold" rating in a research report on Saturday. Bank of America increased their price target on shares of Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research report on Friday, June 6th. Robert W. Baird increased their price target on shares of Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Jefferies Financial Group reiterated a "hold" rating on shares of Oshkosh in a research report on Friday, June 6th. Finally, Zacks Research raised shares of Oshkosh from a "hold" rating to a "strong-buy" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $138.08.

Insider Buying and Selling

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the transaction, the senior vice president owned 13,716 shares of the company's stock, valued at $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the transaction, the chief marketing officer directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. This represents a 14.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

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.

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