Oshkosh Corporation $OSK Holdings Raised by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Oshkosh Corporation by 4.9%, now owning 75,321 shares valued at approximately $8.55 million.
• Oshkosh's most recent quarterly earnings showed an EPS of $3.41, exceeding analyst expectations, although revenue decreased by 4% year-over-year.
• Brokerage updates indicate a consensus rating of "Moderate Buy" for Oshkosh, with price targets ranging from $106 to $164.

Public Employees Retirement System of Ohio grew its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 4.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,321 shares of the company's stock after purchasing an additional 3,502 shares during the period. Public Employees Retirement System of Ohio owned about 0.12% of Oshkosh worth $8,552,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Covea Finance lifted its holdings in shares of Oshkosh by 11.8% during the second quarter. Covea Finance now owns 78,800 shares of the company's stock valued at $8,947,000 after purchasing an additional 8,300 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in Oshkosh by 10.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,139 shares of the company's stock worth $470,000 after acquiring an additional 407 shares in the last quarter. Kaufman Rossin Wealth LLC lifted its stake in Oshkosh by 9.7% in the 2nd quarter. Kaufman Rossin Wealth LLC now owns 2,743 shares of the company's stock worth $311,000 after acquiring an additional 242 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Oshkosh by 21.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company's stock worth $67,000 after acquiring an additional 106 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Oshkosh by 22.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 35,655 shares of the company's stock worth $4,429,000 after acquiring an additional 6,642 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OSK. JPMorgan Chase & Co. increased their price objective on Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. UBS Group set a $164.00 price objective on Oshkosh and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded Oshkosh from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. Zacks Research raised Oshkosh from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Finally, DA Davidson set a $160.00 price target on Oshkosh and gave the stock a "buy" rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Oshkosh currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.58.

Oshkosh Stock Performance

Shares of NYSE OSK opened at $130.06 on Friday. 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 has a market cap of $8.32 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 1.62 and a beta of 1.49. The business's 50-day simple moving average is $135.19 and its 200-day simple moving average is $112.73. 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 quarterly earnings data on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 16.70% and a net margin of 6.25%.The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, equities research analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. Oshkosh's dividend payout ratio (DPR) is 20.48%.

Insider Buying and Selling

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the firm's stock in a transaction that occurred 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 sale, the chief marketing officer owned 10,459 shares of the company's stock, valued at $1,468,129.83. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Anupam Khare sold 4,000 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president directly owned 13,716 shares in the company, 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. Company 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.

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