Amundi Purchases 15,995 Shares of Oshkosh Corporation $OSK

Amundi lifted its position in shares of Oshkosh Corporation (NYSE:OSK) by 104.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,359 shares of the company’s stock after purchasing an additional 15,995 shares during the period. Amundi’s holdings in Oshkosh were worth $2,715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in OSK. Captrust Financial Advisors grew its holdings in shares of Oshkosh by 3.9% during the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company’s stock worth $310,000 after purchasing an additional 122 shares during the last quarter. Gotham Asset Management LLC bought a new stake in shares of Oshkosh during the fourth quarter worth about $714,000. Nuveen Asset Management LLC grew its holdings in shares of Oshkosh by 5.6% during the fourth quarter. Nuveen Asset Management LLC now owns 238,482 shares of the company’s stock worth $22,672,000 after purchasing an additional 12,695 shares during the last quarter. NorthRock Partners LLC bought a new stake in shares of Oshkosh during the fourth quarter worth about $242,000. Finally, Quantinno Capital Management LP boosted its holdings in Oshkosh by 19.7% in the fourth quarter. Quantinno Capital Management LP now owns 72,801 shares of the company’s stock valued at $6,921,000 after acquiring an additional 11,972 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on OSK. Jefferies Financial Group reissued a “hold” rating on shares of Oshkosh in a research report on Friday, June 6th. JPMorgan Chase & Co. increased their target price on shares of Oshkosh from $92.00 to $106.00 and gave the company a “neutral” rating in a research report on Friday, June 6th. KeyCorp increased their target price on shares of Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. The Goldman Sachs Group raised shares of Oshkosh from a “neutral” rating to a “buy” rating and increased their target price for the company from $124.00 to $131.00 in a research report on Tuesday, July 1st. Finally, Citigroup reissued a “buy” rating and set a $130.00 target price (up previously from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. One investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.08.

Insiders Place Their Bets

In related news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value of $556,120.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Bryan K. Brandt sold 1,732 shares of the 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 completion of the transaction, the chief marketing officer owned 10,459 shares in the company, valued at approximately $1,468,129.83. This 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 company insiders.

Oshkosh Price Performance

Oshkosh stock opened at $138.70 on Friday. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.70 and a beta of 1.49. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $144.30. The stock’s 50 day moving average price is $133.37 and its two-hundred day moving average price is $110.03. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84.

Oshkosh (NYSE:OSK) last issued its 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. 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 last year, the business earned $3.34 EPS. Oshkosh’s quarterly 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. On average, equities analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued 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 was Tuesday, August 19th. Oshkosh’s dividend payout ratio (DPR) is currently 20.48%.

Oshkosh 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.