Cubist Systematic Strategies LLC Has $15.18 Million Holdings in Oshkosh Corporation $OSK

Key Points

• Cubist Systematic Strategies LLC increased its holdings in Oshkosh Corporation by 25.4%, bringing its total to approximately $15.18 million in shares.
• Oshkosh announced a quarterly dividend of $0.51 per share, yielding 1.5%, set to be paid to stockholders on September 2nd.
• The company reported an earnings per share (EPS) of $3.41 for the last quarter, surpassing expectations by $0.43, despite a 4.0% decline in revenue year-over-year.

Cubist Systematic Strategies LLC lifted its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 25.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 161,296 shares of the company's stock after acquiring an additional 32,683 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.25% of Oshkosh worth $15,175,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Captrust Financial Advisors grew its stake in shares of Oshkosh by 3.9% in the fourth 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 grew its stake in shares of Oshkosh by 91.4% in the first 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 grew its stake in shares of Oshkosh by 3.9% in the first quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock valued at $433,000 after acquiring an additional 171 shares in the last quarter. Golden State Wealth Management LLC grew its stake 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 valued at $30,000 after acquiring an additional 186 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Oshkosh by 6.3% in the first quarter. US Bancorp DE now owns 3,202 shares of the company's stock valued at $301,000 after acquiring an additional 190 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OSK has been the topic of several research reports. Evercore ISI restated 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. Citigroup reiterated a "buy" rating and set a $130.00 price objective (up from $125.00) on shares of Oshkosh in a research note on Tuesday, June 24th. The Goldman Sachs Group upgraded shares of Oshkosh from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $124.00 to $131.00 in a research note on Tuesday, July 1st. Finally, Robert W. Baird increased 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. 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 company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $138.08.

Oshkosh Stock Down 2.8%

OSK stock opened at $139.19 on Monday. The stock has a market capitalization 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 current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $144.30. The firm has a 50-day moving average price of $129.21 and a 200-day moving average price of $108.12.

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 analysts' consensus estimates of $2.98 by $0.43. The firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, equities research analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. Oshkosh's dividend payout ratio is 20.48%.

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction dated 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. This represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the completion of the transaction, the chief marketing officer directly owned 10,459 shares of the company's stock, valued at $1,468,129.83. This trade represents a 14.21% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

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.

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