Caisse DE Depot ET Placement DU Quebec Acquires New Shares in Oshkosh Corporation $OSK

Key Points

• Caisse DE Depot ET Placement DU Quebec has acquired 80,900 shares of Oshkosh Corporation valued at approximately $7.6 million, representing 0.13% of the company.
• Analysts have recently upgraded their ratings on Oshkosh, with Truist Financial increasing its price target from $93 to $127, while UBS Group set a target price of $164.
• Oshkosh announced a quarterly dividend of $0.51 per share, which will be paid to shareholders on September 2nd, reflecting a 1.4% dividend yield.

Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 80,900 shares of the company's stock, valued at approximately $7,611,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.13% of Oshkosh at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC grew its position in shares of Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after purchasing an additional 127 shares in the last quarter. CX Institutional bought a new stake in shares of Oshkosh in the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC raised its holdings 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 worth $30,000 after buying an additional 186 shares during the period. Signaturefd LLC raised its holdings in shares of Oshkosh by 88.7% in the first quarter. Signaturefd LLC now owns 636 shares of the company's stock worth $60,000 after buying an additional 299 shares during the period. Finally, Brooklyn Investment Group raised its holdings in shares of Oshkosh by 107.6% in the first quarter. Brooklyn Investment Group now owns 714 shares of the company's stock worth $67,000 after buying an additional 370 shares during the period. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

Shares of OSK stock traded down $3.97 on Monday, hitting $139.19. The company had a trading volume of 877,534 shares, compared to its average volume of 583,569. The firm has a market cap of $8.91 billion, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49. The company has a 50-day moving average price of $129.21 and a 200-day moving average price of $108.12. 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 twelve month low of $76.82 and a twelve month high of $144.30.

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, topping analysts' consensus estimates of $2.98 by $0.43. The company 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%.Oshkosh's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, equities research analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be 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 is Tuesday, August 19th. Oshkosh's payout ratio is 20.48%.

Analysts Set New Price Targets

Several research analysts have commented on OSK shares. Citigroup restated a "buy" rating and set a $130.00 price objective (up from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. Evercore ISI restated an "outperform" rating on shares of Oshkosh in a report on Tuesday, August 19th. Bank of America lifted their price target on Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, June 6th. Robert W. Baird lifted 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. Finally, Zacks Research upgraded Oshkosh from a "hold" rating to a "strong-buy" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Oshkosh presently has an average rating of "Moderate Buy" and a consensus target price of $138.08.

Insider Activity at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president directly owned 13,716 shares in the company, valued at approximately $1,906,935.48. The trade was a 22.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the business'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 value of $243,120.84. Following the sale, the chief marketing officer 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 ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

About Oshkosh

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.