Quantbot Technologies LP Cuts Position in Oshkosh Corporation $OSK

Key Points

• Quantbot Technologies LP significantly reduced its holdings in Oshkosh Corporation by 96.8%, down to 1,056 shares worth $99,000 following the sale of 31,780 shares in the 1st quarter.
• Multiple hedge funds are actively buying and selling Oshkosh shares, with Parallel Advisors LLC increasing its stake by 91.4% to hold 266 shares valued at $25,000.
• Oshkosh's stock received positive reviews from analysts, with a collective target price averaging around $138.08 and multiple brokerages issuing **buy ratings**.

Quantbot Technologies LP lowered its stake in Oshkosh Corporation (NYSE:OSK - Free Report) by 96.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,056 shares of the company's stock after selling 31,780 shares during the period. Quantbot Technologies LP's holdings in Oshkosh were worth $99,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its stake in shares of Oshkosh by 3.9% during the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock valued at $310,000 after acquiring an additional 122 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after acquiring an additional 127 shares during the last quarter. Capital Insight Partners LLC grew its stake in shares of Oshkosh by 3.9% during the first quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock worth $433,000 after acquiring an additional 171 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after acquiring an additional 186 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Oshkosh by 6.3% in the first quarter. US Bancorp DE now owns 3,202 shares of the company's stock worth $301,000 after purchasing an additional 190 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the completion of the transaction, the chief marketing officer directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Anupam Khare sold 4,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the transaction, the senior vice president owned 13,716 shares of the company's stock, valued at $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

Oshkosh Stock Performance

Shares of Oshkosh stock traded down $1.89 on Tuesday, hitting $137.48. The stock had a trading volume of 607,554 shares, compared to its average volume of 765,321. 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 52-week low of $76.82 and a 52-week high of $144.30. The company's 50 day moving average price is $129.82 and its 200 day moving average price is $108.34. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.73 and a beta of 1.49.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.98 by $0.43. The firm 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 business's revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, research analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, August 19th. Oshkosh's dividend payout ratio (DPR) is 20.48%.

Analysts Set New Price Targets

A number of brokerages have recently commented on OSK. Wall Street Zen downgraded Oshkosh from a "buy" rating to a "hold" rating in a research note on Saturday. Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and increased their target price for the company from $93.00 to $127.00 in a report on Tuesday, June 3rd. Jefferies Financial Group restated a "hold" rating on shares of Oshkosh in a research report on Friday, June 6th. Robert W. Baird upped their price objective on shares of Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. lifted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.