Envestnet Asset Management Inc. Reduces Stake in Oshkosh Corporation $OSK

Envestnet Asset Management Inc. decreased its stake in shares of Oshkosh Corporation (NYSE:OSK) by 1.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 149,783 shares of the company’s stock after selling 1,974 shares during the period. Envestnet Asset Management Inc. owned 0.23% of Oshkosh worth $17,006,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Whittier Trust Co. lifted its stake in Oshkosh by 69.1% in the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock worth $32,000 after purchasing an additional 114 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Oshkosh by 21.8% in the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after buying an additional 106 shares in the last quarter. Signaturefd LLC raised its position in shares of Oshkosh by 88.7% in the first quarter. Signaturefd LLC now owns 636 shares of the company’s stock worth $60,000 after buying an additional 299 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Oshkosh by 107.6% in the first quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock worth $67,000 after buying an additional 370 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of Oshkosh by 94.6% in the second quarter. IFP Advisors Inc now owns 825 shares of the company’s stock worth $94,000 after buying an additional 401 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on OSK. DA Davidson set a $160.00 price target on Oshkosh and gave the company a “buy” rating in a report on Tuesday, August 5th. Zacks Research downgraded Oshkosh from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. KeyCorp raised their price target on Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Citigroup decreased their price objective on Oshkosh from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Finally, Wall Street Zen raised shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Ten investment 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.17.

Insider Activity

In related news, SVP Anupam Khare sold 4,000 shares of the 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 sale, the senior vice president directly owned 13,716 shares of the company’s stock, valued at approximately $1,906,935.48. This represents a 22.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction on Monday, August 18th. The shares were 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 in the company, valued at approximately $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.55% of the company’s stock.

Oshkosh Price Performance

OSK opened at $125.14 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.98. The stock’s 50 day moving average price is $133.05 and its 200-day moving average price is $120.77. The stock has a market capitalization of $7.92 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.57 and a beta of 1.47. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $144.30.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.08. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. Oshkosh’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.93 earnings per share. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. On average, equities research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 17th. Oshkosh’s dividend payout ratio is currently 19.90%.

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.