Russell Investments Group Ltd. Raises Stock Holdings in Oshkosh Corporation $OSK

Key Points

• Russell Investments Group Ltd. significantly increased its stake in Oshkosh Corporation by 477.4% during Q1, acquiring a total of 60,962 shares valued at approximately $5.7 million.
• Oshkosh Corporation reported earnings of $3.41 per share for the last quarter, exceeding estimates by $0.43, although revenue was down 4.0% year-over-year.
• The company announced a quarterly dividend of $0.51 to be paid on September 2nd, representing an annualized yield of 1.5%.

Russell Investments Group Ltd. boosted its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 477.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,962 shares of the company's stock after purchasing an additional 50,404 shares during the period. Russell Investments Group Ltd. owned about 0.09% of Oshkosh worth $5,735,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. HighTower Advisors LLC boosted its holdings in Oshkosh by 10.6% in the first quarter. HighTower Advisors LLC now owns 118,668 shares of the company's stock valued at $11,164,000 after purchasing an additional 11,326 shares during the last quarter. AIA Group Ltd bought a new position in Oshkosh during the 1st quarter worth approximately $224,000. Nuveen LLC bought a new position in Oshkosh during the 1st quarter worth approximately $23,542,000. Virtu Financial LLC bought a new position in Oshkosh during the 1st quarter worth approximately $840,000. Finally, Invesco Ltd. lifted its holdings in Oshkosh by 1.6% during the 1st quarter. Invesco Ltd. now owns 1,263,926 shares of the company's stock worth $118,910,000 after buying an additional 20,365 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Trading Down 1.1%

Shares of NYSE OSK opened at $137.4040 on Thursday. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 1.73 and a beta of 1.43. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $141.98. 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 stock's 50 day simple moving average is $124.85 and its 200 day simple moving average is $106.66.

Oshkosh (NYSE:OSK - Get Free Report) last announced 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. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Equities research analysts expect that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group set a $164.00 target price on Oshkosh and gave the stock a "buy" rating in a report on Tuesday, August 5th. Citigroup reaffirmed a "buy" rating and set a $130.00 target price (up previously from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. Robert W. Baird increased their target price on Oshkosh from $169.00 to $188.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. JPMorgan Chase & Co. increased their target price on Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of Oshkosh in a report on Friday, June 6th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Oshkosh has an average rating of "Moderate Buy" and a consensus price target of $133.08.

Insider Activity at Oshkosh

In other news, CMO Bryan K. Brandt sold 1,732 shares of the business'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 sale, the chief marketing officer owned 10,459 shares of the company's stock, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.55% of the company's stock.

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.

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