Charles Schwab Investment Management Inc. Decreases Stock Position in Oshkosh Corporation $OSK

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in Oshkosh Corporation by 1.1%, now holding 675,595 shares valued at approximately $63.56 million.
• Oshkosh recently reported earnings of $3.41 per share for the quarter, exceeding analysts' expectations of $2.98, alongside a revenue of $2.73 billion.
• The company declared a quarterly dividend of $0.51 per share, representing a 1.5% yield, with a payout ratio of 20.48%.

Charles Schwab Investment Management Inc. lowered its holdings in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 1.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 675,595 shares of the company's stock after selling 7,453 shares during the period. Charles Schwab Investment Management Inc. owned 1.05% of Oshkosh worth $63,560,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Parallel Advisors LLC lifted its holdings in Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after purchasing an additional 127 shares during the last quarter. CX Institutional bought a new position in shares of Oshkosh in the 1st quarter valued at $28,000. Golden State Wealth Management LLC raised its stake in Oshkosh by 147.6% during the first 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. Coppell Advisory Solutions LLC boosted its position in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after buying an additional 110 shares in the last quarter. Finally, Signaturefd LLC grew its position in 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 during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OSK has been the topic of several analyst reports. Robert W. Baird boosted their price objective on shares of Oshkosh from $169.00 to $188.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Evercore ISI reiterated an "outperform" rating on shares of Oshkosh in a report on Tuesday. Truist Financial upgraded Oshkosh from a "hold" rating to a "buy" rating and lifted their price target for the company from $93.00 to $127.00 in a research note on Tuesday, June 3rd. UBS Group set a $164.00 price target on shares of Oshkosh and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of Oshkosh in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Oshkosh presently has a consensus rating of "Moderate Buy" and an average price target of $133.08.

Oshkosh Price Performance

Shares of Oshkosh stock traded up $0.46 on Tuesday, reaching $140.23. The stock had a trading volume of 36,473 shares, compared to its average volume of 774,208. The business's 50 day moving average is $123.76 and its two-hundred day moving average is $106.22. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The company has a market cap of $8.97 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 1.72 and a beta of 1.43. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $141.98.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the company posted $3.34 EPS. The company's revenue for the quarter was down 4.0% on a year-over-year basis. As a group, research analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, August 19th. Oshkosh's dividend payout ratio (DPR) is presently 20.48%.

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.