Oshkosh Corporation $OSK Stake Lowered by Atlantic Investment Management Inc.

Atlantic Investment Management Inc. reduced its position in Oshkosh Corporation (NYSE:OSK) by 11.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,100 shares of the company’s stock after selling 26,800 shares during the period. Oshkosh accounts for about 12.1% of Atlantic Investment Management Inc.’s investment portfolio, making the stock its 4th biggest position. Atlantic Investment Management Inc. owned about 0.33% of Oshkosh worth $23,741,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in OSK. Whittier Trust Co. raised its holdings in shares of Oshkosh by 69.1% during the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock worth $32,000 after acquiring an additional 114 shares in the last quarter. Hantz Financial Services Inc. increased its position in Oshkosh by 215.5% in the second quarter. Hantz Financial Services Inc. now owns 407 shares of the company’s stock worth $46,000 after purchasing an additional 278 shares during the last quarter. Brooklyn Investment Group raised its stake in Oshkosh by 107.6% during the first quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock valued at $67,000 after purchasing an additional 370 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Oshkosh by 21.8% during the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock valued at $67,000 after purchasing an additional 106 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Oshkosh by 37.5% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 770 shares of the company’s stock worth $87,000 after buying an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OSK. KeyCorp upped 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. Truist Financial decreased their price objective on Oshkosh from $171.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Zacks Research lowered Oshkosh from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Barclays began coverage on Oshkosh in a research report on Tuesday, November 25th. They set an “overweight” rating and a $150.00 target price on the stock. Finally, Evercore ISI restated an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. Thirteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.20.

Oshkosh Stock Down 0.8%

NYSE:OSK opened at $132.43 on Friday. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 1.69 and a beta of 1.41. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $144.30. The company has a current ratio of 1.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $128.41 and a 200-day simple moving average of $126.81.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.12 by $0.08. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the firm 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 anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, November 17th. Oshkosh’s 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.