Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,244 Shares of Oshkosh Co. (NYSE:OSK)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Oshkosh Co. (NYSE:OSK) by 11.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,098 shares of the company’s stock after purchasing an additional 1,244 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Oshkosh were worth $1,312,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. BluePath Capital Management LLC bought a new stake in shares of Oshkosh during the 3rd quarter worth approximately $32,000. Venturi Wealth Management LLC lifted its holdings in shares of Oshkosh by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after acquiring an additional 111 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in shares of Oshkosh during the 3rd quarter worth approximately $86,000. Arlington Partners LLC lifted its holdings in shares of Oshkosh by 36.5% during the 3rd quarter. Arlington Partners LLC now owns 934 shares of the company’s stock worth $89,000 after acquiring an additional 250 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of Oshkosh by 10,744.4% during the 4th quarter. International Assets Investment Management LLC now owns 976 shares of the company’s stock worth $106,000 after acquiring an additional 967 shares during the period. Institutional investors own 92.36% of the company’s stock.

Insider Activity

In other news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the sale, the senior vice president now owns 13,499 shares in the company, valued at $1,503,518.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Oshkosh Trading Down 0.9 %

Shares of NYSE OSK opened at $117.58 on Friday. Oshkosh Co. has a 52-week low of $72.09 and a 52-week high of $127.98. The stock has a market cap of $7.71 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29. The firm has a 50 day moving average price of $117.49 and a two-hundred day moving average price of $107.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.45.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the firm earned $1.59 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts forecast that Oshkosh Co. will post 10.33 EPS for the current year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.84 annualized dividend and a dividend yield of 1.56%. Oshkosh’s dividend payout ratio is currently 20.26%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OSK. StockNews.com downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Friday. Evercore ISI upped their price target on shares of Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. UBS Group upped their price objective on shares of Oshkosh from $117.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. The Goldman Sachs Group upped their price objective on shares of Oshkosh from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Finally, Stifel Nicolaus upped their price objective on shares of Oshkosh from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.50.

Oshkosh 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.