Hsbc Holdings PLC Sells 51,569 Shares of Oshkosh Corporation $OSK

Hsbc Holdings PLC lessened its holdings in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 92.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,272 shares of the company's stock after selling 51,569 shares during the period. Hsbc Holdings PLC's holdings in Oshkosh were worth $401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in shares of Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after purchasing an additional 127 shares during the last quarter. CX Institutional purchased a new position in Oshkosh in the 1st quarter worth about $28,000. Golden State Wealth Management LLC increased its position in Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after purchasing an additional 186 shares during the period. Signaturefd LLC increased its position in Oshkosh by 88.7% during the 1st quarter. Signaturefd LLC now owns 636 shares of the company's stock valued at $60,000 after purchasing an additional 299 shares during the period. Finally, Brooklyn Investment Group grew its position in shares of Oshkosh by 107.6% in the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company's stock worth $67,000 after buying an additional 370 shares during the last quarter. Institutional investors own 92.36% of the company's stock.

Oshkosh Price Performance

Shares of NYSE OSK traded up $0.41 during trading on Friday, hitting $139.53. 653,914 shares of the company were exchanged, compared to its average volume of 491,421. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.73 and a beta of 1.49. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $144.30. The firm's fifty day moving average price is $131.93 and its 200 day moving average price is $109.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $3.41 earnings per share 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 firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the previous year, the company posted $3.34 EPS. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, sell-side analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were given a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $2.04 annualized dividend and a yield of 1.5%. Oshkosh's dividend payout ratio (DPR) is currently 20.48%.

Analysts Set New Price Targets

Several analysts have commented on OSK shares. Jefferies Financial Group restated a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. Evercore ISI reaffirmed an "outperform" rating on shares of Oshkosh in a report on Tuesday, August 19th. UBS Group set a $164.00 price objective on shares of Oshkosh and gave the company a "buy" rating in a report on Tuesday, August 5th. KeyCorp upped their price objective on shares of Oshkosh from $140.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Finally, Robert W. Baird upped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $138.08.

Insiders Place Their Bets

In other news, CMO Bryan K. Brandt sold 1,732 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the transaction, the chief marketing officer directly owned 10,459 shares of the company's stock, valued at approximately $1,468,129.83. This trade 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 is accessible through the SEC website. Also, SVP Anupam Khare sold 4,000 shares of the stock in a transaction on 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 $1,906,935.48. This trade represents 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 company 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.