ING Groep NV Invests $5.77 Million in Oshkosh Corporation $OSK

ING Groep NV acquired a new stake in Oshkosh Corporation (NYSE:OSK) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 44,500 shares of the company’s stock, valued at approximately $5,772,000. ING Groep NV owned approximately 0.07% of Oshkosh as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in Oshkosh during the third quarter valued at approximately $26,000. Blue Trust Inc. lifted its stake in shares of Oshkosh by 471.1% in the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after buying an additional 179 shares during the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of Oshkosh by 3,014.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after buying an additional 211 shares during the period. Whittier Trust Co. grew its stake in Oshkosh by 69.1% in the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after buying an additional 114 shares during the last quarter. Finally, Quent Capital LLC bought a new position in Oshkosh in the 3rd quarter worth $35,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OSK. Wells Fargo & Company raised their price target on Oshkosh from $144.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. DA Davidson increased their target price on Oshkosh from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Barclays began coverage on Oshkosh in a report on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 target price on the stock. Truist Financial set a $183.00 price target on Oshkosh in a report on Friday, January 30th. Finally, KeyCorp reissued an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $159.60.

Oshkosh Trading Down 4.3%

Shares of OSK opened at $167.00 on Friday. The stock’s 50-day moving average price is $144.03 and its 200 day moving average price is $136.21. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 0.89 and a beta of 1.43. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $180.49.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.07). The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.Oshkosh’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.58 EPS. As a group, research analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio is currently 20.36%.

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.