Oshkosh Corporation $OSK Shares Sold by Danske Bank A S

Key Points

• Danske Bank A S dramatically cut its stake in Oshkosh by 99.4% in Q4, selling 102,324 shares and leaving it with just 614 shares worth about $77,000, per the firm's 13F filing.
• Analysts are mixed: Wells Fargo raised its target to $204 with an “overweight” rating while Citigroup and JPMorgan trimmed ratings/targets, but the consensus remains a Moderate Buy with a $165.56 target.
• Insider activity shows SVP Anupam Khare sold 4,000 shares at an average $169.07 (≈$676,280), a 22.8% reduction in his position; company insiders hold about 0.64% of the stock.

Danske Bank A S lessened its position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 99.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 614 shares of the company's stock after selling 102,324 shares during the period. Danske Bank A S's holdings in Oshkosh were worth $77,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. HB Wealth Management LLC lifted its holdings in Oshkosh by 4.1% during the 4th quarter. HB Wealth Management LLC now owns 2,502 shares of the company's stock worth $314,000 after buying an additional 98 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Oshkosh by 6.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company's stock worth $200,000 after buying an additional 100 shares during the last quarter. First Business Financial Services Inc. lifted its holdings in Oshkosh by 0.9% during the 3rd quarter. First Business Financial Services Inc. now owns 11,845 shares of the company's stock worth $1,536,000 after buying an additional 103 shares during the last quarter. New Wave Wealth Advisors LLC lifted its holdings in Oshkosh by 5.8% during the 4th quarter. New Wave Wealth Advisors LLC now owns 1,924 shares of the company's stock worth $242,000 after buying an additional 106 shares during the last quarter. Finally, Burns Matteson Capital Management LLC lifted its holdings in Oshkosh by 3.6% during the 4th quarter. Burns Matteson Capital Management LLC now owns 3,779 shares of the company's stock worth $475,000 after buying an additional 133 shares during the last quarter. Institutional investors own 92.36% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on OSK. Wells Fargo & Company increased their target price on Oshkosh from $168.00 to $204.00 and gave the stock an "overweight" rating in a report on Wednesday, February 25th. Citigroup downgraded Oshkosh from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $180.00 to $170.00 in a report on Monday, April 13th. Truist Financial set a $183.00 target price on Oshkosh in a report on Friday, January 30th. DA Davidson increased their target price on Oshkosh from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. reduced their target price on Oshkosh from $182.00 to $158.00 and set a "neutral" rating on the stock in a report on Friday, April 10th. Twelve equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, Oshkosh currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.56.

Insider Activity

In related news, SVP Anupam Khare sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $169.07, for a total value of $676,280.00. Following the sale, the senior vice president owned 13,577 shares of the company's stock, valued at approximately $2,295,463.39. This trade represents a 22.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.64% of the company's stock.

Oshkosh Trading Down 2.1%

Shares of NYSE OSK opened at $153.35 on Friday. The company has a market cap of $9.61 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 0.80 and a beta of 1.33. Oshkosh Corporation has a 12-month low of $88.96 and a 12-month high of $180.49. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. The stock's 50 day simple moving average is $151.80 and its 200 day simple moving average is $144.33.

About Oshkosh

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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