BNP Paribas Financial Markets Lowers Stock Position in Oshkosh Co. (NYSE:OSK)

BNP Paribas Financial Markets trimmed its position in shares of Oshkosh Co. (NYSE:OSK) by 57.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,417 shares of the company’s stock after selling 55,540 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of Oshkosh worth $5,165,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in OSK. Retirement Systems of Alabama raised its holdings in shares of Oshkosh by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 82,143 shares of the company’s stock worth $10,244,000 after purchasing an additional 215 shares during the period. Norden Group LLC purchased a new position in Oshkosh in the first quarter valued at approximately $945,000. Perigon Wealth Management LLC acquired a new position in Oshkosh during the first quarter valued at approximately $227,000. Claret Asset Management Corp purchased a new stake in Oshkosh during the first quarter worth approximately $202,000. Finally, Commonwealth Equity Services LLC increased its position in shares of Oshkosh by 3.0% in the first quarter. Commonwealth Equity Services LLC now owns 29,090 shares of the company’s stock worth $3,628,000 after acquiring an additional 834 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on OSK shares. Stifel Nicolaus upped their price target on shares of Oshkosh from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Jefferies Financial Group lowered their target price on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday. JPMorgan Chase & Co. reduced their price target on Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday. Raymond James started coverage on shares of Oshkosh in a research report on Friday, June 28th. They issued an “outperform” rating and a $125.00 price objective for the company. Finally, Truist Financial reduced their target price on shares of Oshkosh from $132.00 to $123.00 and set a “hold” rating on the stock in a research report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $124.82.

Oshkosh Stock Performance

Oshkosh stock opened at $106.41 on Friday. The company has a market cap of $6.96 billion, a PE ratio of 10.18, a P/E/G ratio of 1.04 and a beta of 1.22. Oshkosh Co. has a 12 month low of $86.10 and a 12 month high of $127.98. The company has a fifty day moving average price of $111.11 and a two-hundred day moving average price of $112.74. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. Oshkosh’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $1.59 earnings per share. Research analysts expect that Oshkosh Co. will post 11.21 earnings per share for the current year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, May 10th. Oshkosh’s dividend payout ratio (DPR) is 17.61%.

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.