Fleet Financing

Oshkosh (NYSE:OSK) hits new 1-year low at $79.68


Shares of Oshkosh Co. (NYSE:OSK – Get Rating) hit a new 52-week low on Thursday. The company traded as low as $79.68 and last traded at $80.37, with volume at 3881 shares. The stock previously closed at $82.22.

A number of research analysts have weighed in on the company recently. Credit Suisse Group cut its price target on Oshkosh from $134.00 to $111.00 in a Thursday, April 28 report. Bank of America downgraded Oshkosh from a “neutral” to an “underperforming” rating and reduced its price target for the company from $103.00 to $92.00 in a Friday, May 13 research note . Robert W. Baird downgraded Oshkosh from an “outperforming” rating to a “neutral” rating and set a price target of $92.00 for the company. in a Friday, April 8 research note. StockNews.com launched coverage on Oshkosh in a research note on Thursday, March 31. They issued a “holding” rating for the company. Finally, Raymond James reduced his price target on Oshkosh from $135.00 to $120.00 and set an “outperform” rating for the company in a Tuesday, April 26 research note. One equity research analyst gave the stock a sell rating, six gave the stock a hold rating and eight gave the stock a buy rating. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $117.00.

The company has a 50-day moving average price of $91.27 and a two-hundred-day moving average price of $103.68. The stock has a market capitalization of $5.58 billion, a P/E ratio of 19.14, a P/E/G ratio of 0.53 and a beta of 1.36. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt ratio of 0.20.

Oshkosh (NYSE:OSK – Get Rating) last released its quarterly results on Wednesday, April 27. The company reported EPS of $0.24 for the quarter, beating analyst consensus estimates of $0.17 by $0.07. Oshkosh had a return on equity of 7.63% and a net margin of 3.84%. The company posted revenue of $1.95 billion in the quarter, compared with $1.88 billion for analysts. In the same quarter of the previous year, the company achieved EPS of $1.48. Oshkosh revenue increased 3.0% year over year. On average, sell-side analysts expect Oshkosh Co. to post earnings per share of 5.49 for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Friday, May 13 received a dividend of $0.37 per share. The ex-dividend date was Thursday, May 12. This represents a dividend of $1.48 on an annualized basis and a dividend yield of 1.75%. Oshkosh’s dividend payout ratio (DPR) is currently 33.41%.

Several institutional investors have recently bought and sold shares of the company. Alliancebernstein LP increased its stake in Oshkosh shares by 56.3% during the 4th quarter. Alliancebernstein LP now owns 3,301,460 shares of the company worth $372,108,000 after purchasing an additional 1,189,732 shares last quarter. Boston Partners increased its stake in Oshkosh shares by 1.7% in the first quarter. Boston Partners now owns 2,357,440 shares of the company worth $237,244,000 after buying 38,633 additional shares last quarter. Victory Capital Management Inc. increased its stake in Oshkosh shares by 3.0% during the 1st quarter. Victory Capital Management Inc. now owns 2,315,113 shares of the company worth $232,546,000 after purchasing an additional 67,028 shares last quarter. American Century Companies Inc. increased its stake in Oshkosh by 58.2% in the 1st quarter. American Century Companies Inc. now owns 2,094,143 shares of the company worth $210,775,000 after purchasing an additional 770,298 shares in the last quarter. Finally, State Street Corp increased its stake in Oshkosh by 3.2% in the 1st quarter. State Street Corp now owns 1,829,620 shares of the company worth $184,151,000 after purchasing an additional 56,351 shares last quarter. 94.89% of the shares are held by institutional investors.

About Oshkosh (NYSE: OSK)

Oshkosh Corporation designs, manufactures and markets specialty vehicles and vehicle bodies worldwide. The Company’s Access Equipment segment provides aerial work platforms and telehandlers for various construction, industrial, institutional and general maintenance applications. This segment also offers rental fleet loans and leases, as well as floor plans and retail financing through third-party financing arrangements; towing and recovery equipment; carriers and tow trucks; equipment installation services; and sales of chassis and spare parts.

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