Expect Equity LLC Trims Stake in Oshkosh Corporation $OSK

Key Points

• Expect Equity LLC reduced its stake in Oshkosh Corporation by 7.1%, selling 2,090 shares during the first quarter, bringing their total shares to 27,345, which is valued at $2.57 million.
• Several hedge funds significantly increased their positions in Oshkosh, with Golden State Wealth Management LLC raising its position by 147.6%, reflecting growing institutional interest in the company.
• Oshkosh reported $3.41 EPS for the last quarter, surpassing estimates and signaling strong performance, despite a 4% decline in revenue year-over-year.

Expect Equity LLC lessened its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,345 shares of the company's stock after selling 2,090 shares during the period. Oshkosh accounts for about 2.9% of Expect Equity LLC's investment portfolio, making the stock its 10th biggest holding. Expect Equity LLC's holdings in Oshkosh were worth $2,573,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vident Advisory LLC raised its holdings in Oshkosh by 6.4% in the 1st quarter. Vident Advisory LLC now owns 8,770 shares of the company's stock worth $825,000 after acquiring an additional 524 shares during the period. Kodai Capital Management LP acquired a new position in shares of Oshkosh during the first quarter valued at about $7,077,000. Canada Pension Plan Investment Board acquired a new position in shares of Oshkosh during the first quarter valued at about $2,662,000. State of Wyoming acquired a new position in shares of Oshkosh during the first quarter valued at about $529,000. Finally, Trexquant Investment LP acquired a new position in shares of Oshkosh during the first quarter valued at about $6,770,000. Institutional investors and hedge funds own 92.36% of the company's stock.

Insider Activity at Oshkosh

In other news, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction that occurred on 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 directly owned 10,459 shares of the company's stock, valued at $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Anupam Khare sold 4,000 shares of the stock in a transaction that occurred on 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. This trade represents a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

OSK has been the subject of a number of research analyst reports. Truist Financial raised shares of Oshkosh from a "hold" rating to a "buy" rating and upped their price objective for the company from $93.00 to $127.00 in a research report on Tuesday, June 3rd. Robert W. Baird upped their price objective on shares of Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. DA Davidson set a $160.00 target price on shares of Oshkosh and gave the company a "buy" rating in a research note on Tuesday, August 5th. UBS Group set a $164.00 target price on shares of Oshkosh and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen cut shares of Oshkosh from a "buy" rating to a "hold" rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has issued 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.

Oshkosh Price Performance

Oshkosh stock traded down $1.89 during trading hours on Tuesday, hitting $137.48. 607,554 shares of the stock were exchanged, compared to its average volume of 765,072. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. The stock has a market capitalization of $8.80 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.73 and a beta of 1.49. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $144.30. The business's 50-day moving average is $129.82 and its two-hundred day moving average is $108.34.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating 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 business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.67 billion. During the same period in the prior year, the firm earned $3.34 earnings per share. Oshkosh's 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. Equities research analysts expect that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders 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 dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, August 19th. Oshkosh's dividend payout ratio is 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.