Pallas Capital Advisors LLC Has $1.74 Million Stock Holdings in Oshkosh Corporation $OSK

Key Points

• Pallas Capital Advisors LLC increased its holdings in Oshkosh Corporation by 48.8% in the second quarter, now owning 15,304 shares valued at approximately $1.7 million.
• Oshkosh reported $3.41 EPS for the last quarter, exceeding estimates by $0.43, while its revenue was $2.73 billion, slightly above forecasts.
• The company announced a quarterly dividend of $0.51 per share, reflecting a 1.5% yield and a payout ratio of 20.48%.

Pallas Capital Advisors LLC grew its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 48.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,304 shares of the company's stock after purchasing an additional 5,016 shares during the period. Pallas Capital Advisors LLC's holdings in Oshkosh were worth $1,738,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Everpar Advisors LLC purchased a new stake in shares of Oshkosh in the second quarter valued at $208,000. Baker Ellis Asset Management LLC lifted its holdings in shares of Oshkosh by 55.4% in the second quarter. Baker Ellis Asset Management LLC now owns 54,872 shares of the company's stock valued at $6,230,000 after purchasing an additional 19,568 shares in the last quarter. OMNI 360 Wealth Inc. purchased a new stake in shares of Oshkosh in the second quarter valued at $237,000. First Financial Bank Trust Division purchased a new stake in shares of Oshkosh in the second quarter valued at $232,000. Finally, Voya Investment Management LLC boosted its position in Oshkosh by 4.6% during the first quarter. Voya Investment Management LLC now owns 9,926 shares of the company's stock valued at $934,000 after purchasing an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Stock Up 1.8%

NYSE OSK traded up $2.45 during trading on Thursday, hitting $136.30. 895,491 shares of the company traded hands, compared to its average volume of 542,631. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $144.30. The business has a fifty day simple moving average of $134.40 and a 200 day simple moving average of $111.21. 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 $8.72 billion, a P/E ratio of 13.69, a PEG ratio of 1.66 and a beta of 1.49.

Oshkosh (NYSE:OSK - Get Free Report) last posted 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 return on equity of 16.70% and a net margin of 6.25%.The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period last year, the company earned $3.34 earnings per share. The business'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. As a group, sell-side analysts predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a $0.51 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. Oshkosh's payout ratio is presently 20.48%.

Analysts Set New Price Targets

A number of analysts recently issued reports on OSK shares. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Evercore ISI reissued an "outperform" rating on shares of Oshkosh in a research report on Tuesday, August 19th. Robert W. Baird lifted their price objective on Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Zacks Research raised Oshkosh from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. Finally, Bank of America lifted their price objective on Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research report on Friday, June 6th. One investment 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 given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $138.08.

Insider Transactions at Oshkosh

In other news, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the transaction, the chief marketing officer directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction dated Friday, August 22nd. The stock was 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 in the company, valued at $1,906,935.48. The trade was a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

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.