Federation des caisses Desjardins du Quebec Sells 4,122 Shares of Oshkosh Corporation $OSK

Key Points

• The Federation des caisses Desjardins du Quebec reduced its holdings in Oshkosh Corporation by 2.3%, owning 177,899 shares worth $16.7 million after selling 4,122 shares.
• Company insiders, including the SVP and CMO, sold significant shares, resulting in a 22.58% and 14.21% decrease in their ownership respectively.
• Oshkosh reported Q2 earnings of $3.41 EPS, surpassing estimates, along with a 4% decline in revenue compared to the same quarter the previous year.

Federation des caisses Desjardins du Quebec lowered its stake in Oshkosh Corporation (NYSE:OSK - Free Report) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 177,899 shares of the company's stock after selling 4,122 shares during the quarter. Federation des caisses Desjardins du Quebec owned about 0.28% of Oshkosh worth $16,737,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Parallel Advisors LLC increased its position in shares of Oshkosh by 91.4% in 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. CX Institutional bought a new position in Oshkosh during the 1st quarter worth about $28,000. Golden State Wealth Management LLC grew its holdings in shares of Oshkosh by 147.6% in the 1st 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. Signaturefd LLC grew its holdings in shares of Oshkosh by 88.7% in the 1st quarter. Signaturefd LLC now owns 636 shares of the company's stock valued at $60,000 after acquiring an additional 299 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Oshkosh by 107.6% in the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company's stock valued at $67,000 after acquiring an additional 370 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Analysts Set New Price Targets

OSK has been the subject of several research reports. UBS Group set a $164.00 price objective on shares of Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Citigroup restated a "buy" rating and set a $130.00 price objective (up from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. Robert W. Baird boosted 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 price target on shares of Oshkosh and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a report on Friday, June 6th. 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $138.08.

Insider Transactions at Oshkosh

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $140.37, for a total value of $243,120.84. Following the sale, the chief marketing officer owned 10,459 shares in the company, valued at approximately $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 owned 13,716 shares in the company, valued at approximately $1,906,935.48. The trade was a 22.58% 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 Stock Performance

Oshkosh stock traded up $0.41 during mid-day trading on Friday, reaching $139.53. The company's stock had a trading volume of 653,914 shares, compared to its average volume of 491,421. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $144.30. The company has a market capitalization of $8.93 billion, a P/E ratio of 14.01, a PEG ratio of 1.74 and a beta of 1.49. 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 firm's fifty day moving average price is $131.93 and its two-hundred day moving average price is $109.17.

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 analysts' consensus estimates of $2.98 by $0.43. The firm had revenue of $2.73 billion during 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 business's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Sell-side analysts predict 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 was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a dividend of $0.51 per share. The ex-dividend date was Tuesday, August 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. Oshkosh's payout ratio is currently 20.48%.

Oshkosh 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.