Oshkosh Corporation $OSK Shares Bought by Atlantic Investment Management Inc.

Key Points

• Atlantic Investment Management Inc. raised its stake in Oshkosh Corporation by 2.6%, owning 235,900 shares valued at approximately $22.19 million, making Oshkosh its 4th largest holding.
• Oshkosh Corporation reported earnings per share of $3.41 for the most recent quarter, exceeding analysts' expectations, and set its fiscal year 2025 guidance at 11.00 EPS.
• The company recently declared a dividend of $0.51 per share, representing an annualized yield of 1.5% and a payout ratio of 20.48%.

Atlantic Investment Management Inc. lifted its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 235,900 shares of the company's stock after acquiring an additional 5,900 shares during the quarter. Oshkosh comprises approximately 12.4% of Atlantic Investment Management Inc.'s holdings, making the stock its 4th largest position. Atlantic Investment Management Inc. owned about 0.37% of Oshkosh worth $22,193,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in shares of Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after acquiring an additional 127 shares in the last quarter. CX Institutional bought a new stake in shares of Oshkosh during the 1st quarter worth about $28,000. Golden State Wealth Management LLC boosted its stake in shares of Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after acquiring an additional 186 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Oshkosh by 88.7% during the 1st quarter. Signaturefd LLC now owns 636 shares of the company's stock worth $60,000 after acquiring an additional 299 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in shares of Oshkosh by 107.6% during the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company's stock worth $67,000 after acquiring an additional 370 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

Shares of OSK stock traded up $0.41 during mid-day trading on Friday, reaching $139.53. The stock had a trading volume of 653,914 shares, compared to its average volume of 491,421. The firm's 50 day simple moving average is $131.93 and its 200 day simple moving average is $109.17. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25. Oshkosh Corporation has a one year low of $76.82 and a one year high of $144.30. The firm has a market cap of $8.93 billion, a PE ratio of 14.01, a P/E/G ratio of 1.74 and a beta of 1.49.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, topping the consensus estimate of $2.98 by $0.43. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

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

Insider Buying and Selling at Oshkosh

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh 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 owned 10,459 shares in the company, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of the transaction, the senior vice president owned 13,716 shares of the company's stock, valued at approximately $1,906,935.48. The trade was 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.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Zacks Research upgraded Oshkosh from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Robert W. Baird increased their target price on Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Bank of America increased their target price on Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research note on Friday, June 6th. Evercore ISI restated an "outperform" rating on shares of Oshkosh in a research note on Tuesday, August 19th. Finally, Citigroup restated a "buy" rating and set a $130.00 target price (up previously from $125.00) on shares of Oshkosh in a research note on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.