2,806 Shares in Oshkosh Corporation $OSK Acquired by Candriam S.C.A.

Key Points

• Candriam S.C.A. acquired 2,806 shares of Oshkosh Corporation in the first quarter, valued at approximately $264,000, indicating growing institutional interest in the company.
• Oshkosh reported a quarterly EPS of $3.41, beating analysts' estimates, with revenue of $2.73 billion, although this revenue reflects a year-over-year decline of 4%.
• The company announced a $0.51 quarterly dividend with an annualized yield of 1.4%, showcasing its commitment to returning value to shareholders.

Candriam S.C.A. bought a new position in Oshkosh Corporation (NYSE:OSK - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,806 shares of the company's stock, valued at approximately $264,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Oshkosh by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company's stock worth $769,303,000 after purchasing an additional 35,382 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Oshkosh by 15.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company's stock worth $251,417,000 after purchasing an additional 354,714 shares during the last quarter. American Century Companies Inc. lifted its holdings in Oshkosh by 14.7% in the 1st quarter. American Century Companies Inc. now owns 2,328,880 shares of the company's stock worth $219,101,000 after purchasing an additional 298,470 shares during the last quarter. LSV Asset Management lifted its holdings in Oshkosh by 6.9% in the 1st quarter. LSV Asset Management now owns 1,726,606 shares of the company's stock worth $162,439,000 after purchasing an additional 111,062 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Oshkosh by 1.6% in the 1st quarter. Invesco Ltd. now owns 1,263,926 shares of the company's stock worth $118,910,000 after purchasing an additional 20,365 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Performance

Shares of NYSE OSK opened at $141.9340 on Monday. The business has a fifty day simple moving average of $125.98 and a 200 day simple moving average of $106.99. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 1.77 and a beta of 1.43. Oshkosh Corporation has a one year low of $76.82 and a one year high of $142.93.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating analysts' consensus estimates of $2.98 by $0.43. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.Oshkosh's revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Sell-side analysts expect that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, August 19th. Oshkosh's dividend payout ratio is presently 20.48%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Citigroup restated a "buy" rating and issued a $130.00 target price (up from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. DA Davidson set a $160.00 price target on Oshkosh and gave the stock a "buy" rating in a report on Tuesday, August 5th. Robert W. Baird upped their price target on Oshkosh from $169.00 to $188.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Wall Street Zen upgraded Oshkosh from a "hold" rating to a "buy" rating in a report on Friday. Finally, Evercore ISI reiterated an "outperform" rating on shares of Oshkosh in a report on Tuesday, August 19th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $133.08.

Insider Activity at Oshkosh

In related news, CMO Bryan K. Brandt sold 1,732 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the completion of the transaction, the chief marketing officer directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.55% of the company's stock.

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.

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