Oshkosh Corporation $OSK Stock Holdings Lifted by Amundi

Key Points

• Amundi has increased its stock holdings in Oshkosh Corporation by 104.1% to a total of 31,359 shares, valued at approximately $2.72 million.
• Oshkosh's recent financial results showed an EPS of $3.41, exceeding estimates, with quarterly revenue of $2.73 billion. The earnings guidance for FY 2025 is set at 11.000 EPS.
• The company announced a quarterly dividend of $0.51, reflecting an annualized yield of 1.5%, and has a current dividend payout ratio of 20.48%.

Amundi increased its holdings in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 104.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,359 shares of the company's stock after purchasing an additional 15,995 shares during the period. Amundi's holdings in Oshkosh were worth $2,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in OSK. Captrust Financial Advisors boosted its stake in shares of Oshkosh by 3.9% in the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock valued at $310,000 after purchasing an additional 122 shares during the period. Gotham Asset Management LLC purchased a new position in Oshkosh in the 4th quarter valued at about $714,000. Nuveen Asset Management LLC boosted its position in Oshkosh by 5.6% in the 4th quarter. Nuveen Asset Management LLC now owns 238,482 shares of the company's stock valued at $22,672,000 after buying an additional 12,695 shares during the last quarter. NorthRock Partners LLC purchased a new position in Oshkosh in the 4th quarter valued at about $242,000. Finally, Quantinno Capital Management LP boosted its position in Oshkosh by 19.7% in the 4th quarter. Quantinno Capital Management LP now owns 72,801 shares of the company's stock valued at $6,921,000 after buying an additional 11,972 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Price Performance

Shares of OSK stock traded down $2.37 during midday trading on Wednesday, reaching $133.60. 790,393 shares of the company were exchanged, compared to its average volume of 533,165. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $144.30. The company has a market cap of $8.55 billion, a P/E ratio of 13.41, a PEG ratio of 1.69 and a beta of 1.49. The company's 50 day moving average price is $134.21 and its two-hundred day moving average price is $110.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84.

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

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Oshkosh's payout ratio is currently 20.48%.

Insiders Place Their Bets

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $140.37, for a total value of $243,120.84. Following the sale, the chief marketing officer directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $139.03, for a total transaction of $556,120.00. Following the completion of the sale, the senior vice president owned 13,716 shares in the company, valued at approximately $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

OSK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a research note on Friday, June 6th. Wall Street Zen raised shares of Oshkosh from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group set a $164.00 price target on shares of Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Citigroup reaffirmed a "buy" rating and set a $130.00 price target (up previously from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. Finally, The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and increased their target price for the stock from $124.00 to $131.00 in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $138.08.

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.