Bank of Montreal Can Has $2.70 Million Stock Position in Oshkosh Co. (NYSE:OSK)

Bank of Montreal Can grew its stake in Oshkosh Co. (NYSE:OSK) by 71.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,970 shares of the company’s stock after purchasing an additional 10,438 shares during the quarter. Bank of Montreal Can’s holdings in Oshkosh were worth $2,702,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in OSK. Vanguard Group Inc. raised its stake in Oshkosh by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock worth $978,797,000 after buying an additional 718,122 shares during the period. Greenhaven Associates Inc. raised its stake in Oshkosh by 1.5% during the 2nd quarter. Greenhaven Associates Inc. now owns 2,517,042 shares of the company’s stock worth $272,344,000 after buying an additional 36,953 shares during the period. LSV Asset Management raised its stake in Oshkosh by 5.5% during the 1st quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock worth $243,274,000 after buying an additional 102,330 shares during the period. Dimensional Fund Advisors LP raised its stake in Oshkosh by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock worth $196,370,000 after buying an additional 78,235 shares during the period. Finally, American Century Companies Inc. raised its stake in Oshkosh by 19.6% during the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock worth $155,235,000 after buying an additional 235,496 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of NYSE OSK opened at $98.92 on Friday. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 0.96 and a beta of 1.19. The business has a 50-day moving average of $102.99 and a 200-day moving average of $110.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. Oshkosh Co. has a fifty-two week low of $86.10 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter last year, the company posted $2.69 earnings per share. Oshkosh’s quarterly revenue was up 18.0% on a year-over-year basis. As a group, sell-side analysts predict that Oshkosh Co. will post 11.62 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Friday, August 16th. Oshkosh’s payout ratio is currently 17.61%.

Analysts Set New Price Targets

Several brokerages recently commented on OSK. Citigroup began coverage on Oshkosh in a research note on Wednesday, June 26th. They set a “buy” rating and a $130.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on Oshkosh from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. 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 report on Thursday, July 11th. Truist Financial increased their target price on Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, Raymond James started coverage on Oshkosh in a report on Friday, June 28th. They set an “outperform” rating and a $125.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $125.79.

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.