Trexquant Investment LP Makes New Investment in Oshkosh Corporation $OSK

Key Points

• Trexquant Investment LP has purchased 71,964 shares of Oshkosh Corporation valued at approximately $6.77 million, increasing its stake to 0.11% of the company.
• Oshkosh recently posted $3.41 earnings per share for the last quarter, surpassing analyst expectations, with revenue reported at $2.73 billion.
• The company announced a quarterly dividend of $0.51 per share, resulting in an annual yield of 1.5% for shareholders.

Trexquant Investment LP bought a new position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 71,964 shares of the company's stock, valued at approximately $6,770,000. Trexquant Investment LP owned 0.11% of Oshkosh as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of Oshkosh by 91.4% in the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after purchasing an additional 127 shares in the last quarter. CX Institutional bought a new stake in shares of Oshkosh in the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC boosted its position in shares of Oshkosh by 147.6% in the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after purchasing an additional 186 shares in the last quarter. Signaturefd LLC boosted its position in shares of Oshkosh by 88.7% in the 1st quarter. Signaturefd LLC now owns 636 shares of the company's stock worth $60,000 after purchasing an additional 299 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of Oshkosh by 107.6% in the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company's stock worth $67,000 after purchasing an additional 370 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Jefferies Financial Group reissued a "hold" rating on shares of Oshkosh in a research report on Friday, June 6th. Bank of America boosted their price target on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and boosted their price target for the stock from $93.00 to $127.00 in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. upped their price objective on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Finally, Zacks Research raised Oshkosh from a "hold" rating to a "strong-buy" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $138.08.

Oshkosh Stock Performance

OSK stock opened at $139.19 on Friday. The stock has a market capitalization of $8.91 billion, a PE ratio of 13.98, 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 $144.30. 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 $129.21 and its 200 day simple moving average is $108.12.

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 analysts' consensus estimates of $2.98 by $0.43. The business had revenue of $2.73 billion during 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%. The company's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, research analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

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

Insiders Place Their Bets

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the business's stock in a transaction on 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 sale, the chief marketing officer directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the sale, the senior vice president owned 13,716 shares of the company's stock, valued at approximately $1,906,935.48. This represents a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

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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