Deutsche Bank AG Has $7.59 Million Stake in Oshkosh Corporation $OSK

Key Points

• Deutsche Bank AG increased its stake in Oshkosh Corporation by 19.8%, acquiring an additional 13,302 shares, bringing its total ownership to 80,640 shares valued at approximately $7.59 million.
• Oshkosh reported earnings per share of $3.41 for the last quarter, surpassing estimates, although revenue saw a 4% year-over-year decline.
• The company recently declared a quarterly dividend of $0.51, providing a yield of 1.5%, with a payout ratio of 20.48%.

Deutsche Bank AG boosted its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 19.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 80,640 shares of the company's stock after buying an additional 13,302 shares during the quarter. Deutsche Bank AG owned 0.13% of Oshkosh worth $7,587,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in OSK. Point72 Asset Management L.P. acquired a new position in Oshkosh in the fourth quarter worth approximately $25,968,000. Atlantic Investment Management Inc. acquired a new position in Oshkosh in the fourth quarter worth approximately $21,866,000. Balyasny Asset Management L.P. grew its position in Oshkosh by 84.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 462,034 shares of the company's stock worth $43,926,000 after buying an additional 211,244 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Oshkosh by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company's stock worth $220,342,000 after purchasing an additional 206,377 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Oshkosh by 121.0% during the 4th quarter. BNP Paribas Financial Markets now owns 353,748 shares of the company's stock worth $33,631,000 after purchasing an additional 193,646 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Price Performance

NYSE:OSK traded down $0.6350 during mid-day trading on Tuesday, hitting $139.1350. The company's stock had a trading volume of 184,534 shares, compared to its average volume of 775,145. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $141.98. 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 capitalization of $8.90 billion, a price-to-earnings ratio of 13.97, a P/E/G ratio of 1.72 and a beta of 1.43. The stock has a fifty day moving average of $123.76 and a 200-day moving average of $106.22.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.43. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the prior year, the business posted $3.34 earnings per share. The company's quarterly revenue was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, equities analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on OSK. Evercore ISI reiterated an "outperform" rating on shares of Oshkosh in a research report on Tuesday. UBS Group set a $164.00 price target on shares of Oshkosh and gave the company a "buy" rating in a report on Tuesday, August 5th. Bank of America boosted their price target on shares of Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, June 6th. Citigroup reiterated a "buy" rating and issued a $130.00 price objective (up from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. Finally, Truist Financial upgraded shares of Oshkosh from a "hold" rating to a "buy" rating and upped their price target for the company from $93.00 to $127.00 in a report on Tuesday, June 3rd. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $133.08.

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.