Algert Global LLC Has $15.22 Million Stock Position in Oshkosh Corporation $OSK

Key Points

• Algert Global LLC increased its stake in Oshkosh Corporation by 12.2% in Q1, owning 161,767 shares after acquiring an additional 17,550 shares, making Oshkosh the 19th biggest position in their portfolio.
• Oshkosh reported earnings per share of $3.41 for the last quarter, surpassing analyst estimates of $2.98, with a revenue of $2.73 billion, higher than the expected $2.67 billion.
• The company announced a quarterly dividend of $0.51, equating to an annualized dividend yield of 1.5%, with a current dividend payout ratio of 20.48%.

Algert Global LLC grew its holdings in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161,767 shares of the company's stock after purchasing an additional 17,550 shares during the period. Oshkosh makes up 0.4% of Algert Global LLC's portfolio, making the stock its 19th biggest holding. Algert Global LLC owned 0.25% of Oshkosh worth $15,219,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Coppell Advisory Solutions LLC boosted its holdings in shares of Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after buying an additional 110 shares during the period. Captrust Financial Advisors raised its position in Oshkosh by 3.9% during the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock valued at $310,000 after acquiring an additional 122 shares in the last quarter. Parallel Advisors LLC raised its position in Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after acquiring an additional 127 shares in the last quarter. Capital Insight Partners LLC raised its position in shares of Oshkosh by 3.9% in the first quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock valued at $433,000 after purchasing an additional 171 shares during the period. Finally, Golden State Wealth Management LLC raised its position in shares of Oshkosh by 147.6% in the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after purchasing an additional 186 shares during the period. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Down 1.0%

Shares of OSK traded down $1.3540 on Tuesday, hitting $138.9260. The company's stock had a trading volume of 435,694 shares, compared to its average volume of 662,734. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25. The firm's fifty day moving average price is $124.31 and its 200-day moving average price is $106.45. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $141.98. The firm has a market capitalization of $8.89 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 1.74 and a beta of 1.43.

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

Oshkosh Dividend Announcement

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

Analyst Upgrades and Downgrades

OSK has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Citigroup reiterated a "buy" rating and set a $130.00 price target (up previously from $125.00) on shares of Oshkosh in a research note on Tuesday, June 24th. DA Davidson set a $160.00 price target on shares of Oshkosh and gave the stock a "buy" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $124.00 to $131.00 in a report on Tuesday, July 1st. Finally, UBS Group set a $164.00 price objective on Oshkosh and gave the company a "buy" rating in a report on Tuesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $133.08.

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.