Oshkosh Corporation $OSK Shares Bought by Pallas Capital Advisors LLC

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 boosted its stake in Oshkosh Corporation (NYSE:OSK - Free Report) by 48.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of OSK. AQR Capital Management LLC increased its stake in shares of Oshkosh by 267.3% during the 1st quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company's stock worth $126,224,000 after purchasing an additional 992,313 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Oshkosh during the 1st quarter worth $54,860,000. Dimensional Fund Advisors LP grew its position in Oshkosh by 15.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company's stock worth $251,417,000 after purchasing an additional 354,714 shares during the last quarter. American Century Companies Inc. increased its position in Oshkosh by 14.7% in the 1st quarter. American Century Companies Inc. now owns 2,328,880 shares of the company's stock valued at $219,101,000 after acquiring an additional 298,470 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Oshkosh during the first quarter valued at approximately $23,542,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

Shares of OSK stock traded down $3.54 during midday trading on Friday, hitting $132.73. 1,308,461 shares of the company were exchanged, compared to its average volume of 561,788. The firm's 50 day moving average price is $134.54 and its two-hundred day moving average price is $111.58. The firm has a market capitalization of $8.49 billion, a P/E ratio of 13.33, a PEG ratio of 1.66 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. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $144.30.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.43. The business had revenue of $2.73 billion for 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%. Oshkosh's revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, equities research analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders 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 dividend payout ratio (DPR) is presently 20.48%.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value 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. This represents a 22.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 value of $243,120.84. Following the completion of the sale, the chief marketing officer directly owned 10,459 shares of the company's stock, valued at $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

OSK has been the subject of several recent analyst reports. Zacks Research raised shares of Oshkosh from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. Robert W. Baird boosted their target price on Oshkosh from $169.00 to $188.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. KeyCorp upped their price target on Oshkosh from $140.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and raised their target price for the stock from $124.00 to $131.00 in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. raised their price target on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a report on Friday, June 6th. One 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 stock. According to data from MarketBeat, Oshkosh presently has an average rating of "Moderate Buy" and a consensus target price of $138.08.

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.