Altrinsic Global Advisors LLC Purchases Shares of 86,274 Oshkosh Corporation $OSK

Altrinsic Global Advisors LLC acquired a new position in shares of Oshkosh Corporation (NYSE:OSK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 86,274 shares of the company’s stock, valued at approximately $9,796,000. Oshkosh makes up about 0.4% of Altrinsic Global Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. Altrinsic Global Advisors LLC owned approximately 0.13% of Oshkosh as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC increased its holdings in Oshkosh by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock valued at $324,000 after buying an additional 87 shares during the period. Farther Finance Advisors LLC raised its position in 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 purchasing an additional 106 shares in the last quarter. Whittier Trust Co. boosted its holdings in Oshkosh by 69.1% during the second quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after purchasing an additional 114 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Oshkosh by 1.6% in the 2nd quarter. Intech Investment Management LLC now owns 11,715 shares of the company’s stock valued at $1,330,000 after purchasing an additional 180 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Oshkosh by 6.3% in the 1st quarter. US Bancorp DE now owns 3,202 shares of the company’s stock worth $301,000 after buying an additional 190 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on OSK. KeyCorp upped 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. Barclays initiated coverage on shares of Oshkosh in a research report on Tuesday, November 25th. They set an “overweight” rating and a $150.00 target price for the company. Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Morgan Stanley upped their price objective on shares of Oshkosh from $136.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Citigroup cut their target price on shares of Oshkosh from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $150.20.

Oshkosh Trading Up 5.1%

NYSE:OSK opened at $132.50 on Thursday. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 1.59 and a beta of 1.41. The firm has a fifty day simple moving average of $128.31 and a two-hundred day simple moving average of $126.52. The company has a current ratio of 1.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $144.30.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, October 29th. The company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.08. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the company posted $2.93 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Analysts expect that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th 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 Monday, November 17th. Oshkosh’s dividend payout ratio (DPR) is currently 19.90%.

Oshkosh Company 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.