North Star Asset Management Inc. Sells 26,357 Shares of Oshkosh Corporation (NYSE:OSK)

Key Points

• North Star Asset Management Inc. reduced its stake in Oshkosh Corporation by 58.6%, selling 26,357 shares and now owns 18,588 shares worth approximately $1.75 million.
• Analysts have mixed sentiments on Oshkosh, with target prices raised by firms like UBS Group and DA Davidson, suggesting a positive outlook, while some analysts maintain a "hold" rating.
• Oshkosh reported $1.92 earnings per share in its last quarter, missing expectations, and a year-over-year revenue decline of 9.1%.

North Star Asset Management Inc. lessened its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 58.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,588 shares of the company's stock after selling 26,357 shares during the period. North Star Asset Management Inc.'s holdings in Oshkosh were worth $1,749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bayforest Capital Ltd acquired a new stake in shares of Oshkosh in the first quarter worth $690,000. Vestcor Inc acquired a new stake in shares of Oshkosh in the first quarter worth $430,000. XTX Topco Ltd acquired a new stake in shares of Oshkosh in the first quarter worth $358,000. Federated Hermes Inc. grew its stake in shares of Oshkosh by 27.3% in the first quarter. Federated Hermes Inc. now owns 6,161 shares of the company's stock worth $580,000 after acquiring an additional 1,321 shares during the last quarter. Finally, N.E.W. Advisory Services LLC grew its stake in shares of Oshkosh by 26.4% in the first quarter. N.E.W. Advisory Services LLC now owns 11,239 shares of the company's stock worth $1,057,000 after acquiring an additional 2,347 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on OSK shares. Robert W. Baird raised their price objective on shares of Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Jefferies Financial Group restated a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. JPMorgan Chase & Co. raised their price objective on shares of Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. UBS Group raised their price objective on shares of Oshkosh from $119.00 to $149.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Finally, Truist Financial upgraded shares of Oshkosh from a "hold" rating to a "buy" rating and lifted their price target for the stock from $93.00 to $127.00 in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $129.25.

Oshkosh Price Performance

Shares of NYSE OSK traded up $4.02 during midday trading on Friday, reaching $130.55. 1,492,233 shares of the company traded hands, compared to its average volume of 744,290. The firm has a market cap of $8.40 billion, a PE ratio of 13.11, a PEG ratio of 2.10 and a beta of 1.43. The stock's 50-day simple moving average is $116.04 and its 200-day simple moving average is $103.22. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $133.86. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.98 by $0.43. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.67 billion. Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The business's revenue was down 4.0% on a year-over-year basis. During the same period last year, the business earned $3.34 earnings per share. As a group, equities analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

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.