Corient IA LLC Invests $376,000 in Oshkosh Corporation $OSK

Key Points

• Corient IA LLC purchased 4,000 shares of Oshkosh Corporation, valued at approximately $376,000, during the first quarter.
• Oshkosh has received several analyst upgrades, with price targets raised by firms like Goldman Sachs from $124.00 to $131.00 and Robert W. Baird from $169.00 to $188.00, leading to an average rating of "Moderate Buy."
• The company recently declared a quarterly dividend of $0.51 per share, with an annualized yield of 1.5%, and a payout ratio of 20.48%.

Corient IA LLC bought a new position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,000 shares of the company's stock, valued at approximately $376,000.

A number of other institutional investors and hedge funds have also bought and sold shares of OSK. Vanguard Group Inc. increased its position in shares of Oshkosh by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company's stock valued at $769,303,000 after purchasing an additional 35,382 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Oshkosh by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company's stock valued at $251,417,000 after purchasing an additional 354,714 shares during the last quarter. American Century Companies Inc. increased its position in shares of Oshkosh by 14.7% during the 1st quarter. American Century Companies Inc. now owns 2,328,880 shares of the company's stock valued at $219,101,000 after purchasing an additional 298,470 shares during the last quarter. LSV Asset Management grew its stake in shares of Oshkosh by 6.9% during the 1st quarter. LSV Asset Management now owns 1,726,606 shares of the company's stock worth $162,439,000 after acquiring an additional 111,062 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Oshkosh by 1.6% during the 1st quarter. Invesco Ltd. now owns 1,263,926 shares of the company's stock worth $118,910,000 after acquiring an additional 20,365 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OSK has been the subject of several research reports. The Goldman Sachs Group upgraded Oshkosh from a "neutral" rating to a "buy" rating and increased their price target for the stock from $124.00 to $131.00 in a research note on Tuesday, July 1st. UBS Group set a $164.00 target price on Oshkosh and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and raised their price target for the company from $93.00 to $127.00 in a report on Tuesday, June 3rd. JPMorgan Chase & Co. raised their price target on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a report on Friday, June 6th. Finally, Robert W. Baird raised their price target on Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Oshkosh currently has an average rating of "Moderate Buy" and a consensus price target of $133.08.

Insider Activity

In related news, CMO Bryan K. Brandt sold 1,732 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the completion of the sale, the chief marketing officer directly owned 10,459 shares of the company's stock, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.55% of the company's stock.

Oshkosh Stock Performance

OSK stock traded down $1.5560 during trading on Wednesday, reaching $137.4040. The stock had a trading volume of 604,464 shares, compared to its average volume of 648,149. 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 stock's 50 day moving average is $124.85 and its two-hundred day moving average is $106.66. The firm has a market cap of $8.79 billion, a PE ratio of 13.80, a PEG ratio of 1.73 and a beta of 1.43. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $141.98.

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

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, August 19th. Oshkosh's dividend payout ratio (DPR) is currently 20.48%.

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.