Canada Pension Plan Investment Board Makes New Investment in Oshkosh Corporation $OSK

Key Points

• The Canada Pension Plan Investment Board acquired 28,300 shares of Oshkosh Corporation, valued at approximately $2.66 million, in the first quarter of the year.
• Oshkosh recently announced a quarterly dividend of $0.51 per share, with a current annualized dividend yield of 1.5%.
• Oshkosh's stock has experienced a 0.6% decline recently, with a market cap of $8.76 billion and an average target price of $138.08 set by analysts.

Canada Pension Plan Investment Board bought a new stake in Oshkosh Corporation (NYSE:OSK - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,300 shares of the company's stock, valued at approximately $2,662,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OSK. Captrust Financial Advisors lifted its stake in shares of 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 buying an additional 122 shares in the last quarter. Parallel Advisors LLC lifted 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 valued at $25,000 after buying an additional 127 shares in the last quarter. Capital Insight Partners LLC lifted its stake in shares of Oshkosh by 3.9% during the 1st quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock valued at $433,000 after buying an additional 171 shares in the last quarter. Golden State Wealth Management LLC lifted 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 valued at $30,000 after buying an additional 186 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Oshkosh by 6.3% during the 1st quarter. US Bancorp DE now owns 3,202 shares of the company's stock valued at $301,000 after buying an additional 190 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on OSK. UBS Group set a $164.00 price target on shares of Oshkosh and gave the company a "buy" rating in a research note on Tuesday, August 5th. Zacks Research upgraded shares of Oshkosh from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Evercore ISI reiterated an "outperform" rating on shares of Oshkosh in a research note on Tuesday, August 19th. Jefferies Financial Group reiterated a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. Finally, DA Davidson set a $160.00 price target on shares of Oshkosh and gave the stock a "buy" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $138.08.

Oshkosh Trading Up 0.3%

Shares of OSK stock traded up $0.41 on Friday, hitting $139.53. 653,914 shares of the company's stock traded hands, compared to its average volume of 491,421. 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 Corporation has a one year low of $76.82 and a one year high of $144.30. The company's fifty day simple moving average is $131.93 and its 200 day simple moving average is $109.17. The stock has a market capitalization of $8.93 billion, a price-to-earnings 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 announced its quarterly earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.98 by $0.43. The business had revenue of $2.73 billion for 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 revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Equities analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid 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%.

Insider Transactions at Oshkosh

In other news, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction 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. The trade was a 14.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the sale, the senior vice president directly owned 13,716 shares in the company, valued at $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.

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.