Parcion Private Wealth LLC Purchases Shares of 45,811 Oshkosh Corporation $OSK

Key Points

• Parcion Private Wealth LLC has acquired 45,811 shares of Oshkosh Corporation, valued at approximately $5,201,000, which is a small 0.07% ownership stake according to their recent SEC filing.
• Several large investors have increased their stakes in Oshkosh, with 92.36% of the stock currently owned by institutional investors.
• Wall Street analysts have mixed ratings on Oshkosh, with 10 analysts$147.08.

Parcion Private Wealth LLC purchased a new stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 45,811 shares of the company's stock, valued at approximately $5,201,000. Parcion Private Wealth LLC owned 0.07% of Oshkosh as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in OSK. Golden State Wealth Management LLC grew its stake in shares of 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. Whittier Trust Co. grew its stake in shares of Oshkosh by 69.1% during the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company's stock valued at $32,000 after purchasing an additional 114 shares during the period. Signaturefd LLC grew its stake in shares of 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. Brooklyn Investment Group grew its stake in shares of Oshkosh by 107.6% during the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company's stock valued at $67,000 after purchasing an additional 370 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Oshkosh by 21.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company's stock valued at $67,000 after purchasing an additional 106 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on OSK shares. Citigroup lifted their price objective on Oshkosh from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, September 23rd. Wall Street Zen cut Oshkosh from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Evercore ISI reaffirmed an "outperform" rating on shares of Oshkosh in a research report on Tuesday, August 19th. Zacks Research cut Oshkosh from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Finally, DA Davidson set a $160.00 price objective on Oshkosh and gave the company a "buy" rating in a research report on Tuesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Oshkosh presently has a consensus rating of "Moderate Buy" and an average price target of $147.08.

Insider Activity at Oshkosh

In other 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 transaction of $556,120.00. Following the sale, the senior vice president directly owned 13,716 shares of the company's stock, valued at $1,906,935.48. This represents a 22.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Bryan K. Brandt sold 1,732 shares of the company'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 directly owned 10,459 shares in the company, 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 corporate insiders.

Oshkosh Stock Up 1.3%

NYSE OSK opened at $136.52 on Wednesday. The stock's 50 day moving average is $135.40 and its 200 day moving average is $117.06. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $144.30. The stock has a market cap of $8.74 billion, a PE ratio of 13.71, a P/E/G ratio of 1.68 and a beta of 1.47.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $2.67 billion. During the same period in the previous year, the firm earned $3.34 EPS. The firm'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. Research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

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

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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