Amundi Purchases 15,995 Shares of Oshkosh Corporation $OSK

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 raised its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 104.1% during the first quarter, according to the company in its most recent 13F 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 quarter. Amundi's holdings in Oshkosh were worth $2,715,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors boosted its position in Oshkosh by 3.9% during the 4th 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 boosted its position in Oshkosh by 91.4% during the 1st 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 lifted its holdings in shares of Oshkosh by 3.9% during 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 last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Oshkosh by 147.6% during 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 last quarter. Finally, US Bancorp DE lifted its holdings in shares of Oshkosh by 6.3% during the first quarter. US Bancorp DE now owns 3,202 shares of the company's stock valued at $301,000 after purchasing an additional 190 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on OSK shares. Jefferies Financial Group reiterated a "hold" rating on shares of Oshkosh in a report on Friday, June 6th. Robert W. Baird lifted their target price on shares of Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Wall Street Zen upgraded shares of Oshkosh from a "hold" rating to a "buy" rating in a report on Saturday. Evercore ISI reiterated an "outperform" rating on shares of Oshkosh in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $138.08.

Oshkosh Stock Performance

OSK traded down $0.87 during mid-day trading on Monday, reaching $136.15. 514,454 shares of the company traded hands, compared to its average volume of 754,302. The stock has a market capitalization of $8.71 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.70 and a beta of 1.49. 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 company's fifty day moving average price is $133.62 and its 200-day moving average price is $110.38. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $144.30.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $3.41 earnings per share 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 net margin of 6.25% and a return on equity of 16.70%. The company's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.34 EPS. 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 EPS for the current year.

Oshkosh Dividend Announcement

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

Insiders Place Their Bets

In other news, CMO Bryan K. Brandt sold 1,732 shares of the business's stock in a transaction on Monday, August 18th. The shares were 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 owned 10,459 shares of the company's stock, valued at $1,468,129.83. The trade was a 14.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Anupam Khare sold 4,000 shares of the company's stock in a transaction on 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 transaction, the senior vice president directly owned 13,716 shares of the company's stock, valued at $1,906,935.48. This represents a 22.58% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

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.