Geode Capital Management LLC Sells 16,498 Shares of Oshkosh Corporation $OSK

Geode Capital Management LLC cut its holdings in Oshkosh Corporation (NYSE:OSK) by 1.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,180,143 shares of the company’s stock after selling 16,498 shares during the period. Geode Capital Management LLC owned approximately 1.84% of Oshkosh worth $134,015,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Oshkosh by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company’s stock valued at $769,303,000 after purchasing an additional 35,382 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Oshkosh by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company’s stock valued at $251,417,000 after buying an additional 354,714 shares during the period. American Century Companies Inc. grew its position in Oshkosh by 14.7% during the first quarter. American Century Companies Inc. now owns 2,328,880 shares of the company’s stock worth $219,101,000 after buying an additional 298,470 shares in the last quarter. LSV Asset Management grew its position in Oshkosh by 6.9% during the first quarter. LSV Asset Management now owns 1,726,606 shares of the company’s stock worth $162,439,000 after buying an additional 111,062 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Oshkosh by 267.3% during the 1st quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company’s stock worth $126,224,000 after acquiring an additional 992,313 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $121.74 on Thursday. Oshkosh Corporation has a one year low of $76.82 and a one year high of $144.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.92. The company has a market cap of $7.70 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.57 and a beta of 1.45. The firm has a 50 day simple moving average of $129.99 and a 200 day simple moving average of $123.35.

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, 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 during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the business earned $2.93 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Research analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a $0.51 dividend. The ex-dividend date is Monday, November 17th. This represents a $2.04 annualized dividend and a yield of 1.7%. Oshkosh’s dividend payout ratio (DPR) is currently 19.90%.

Insider Activity at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was 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 in the company, valued at approximately $1,906,935.48. The trade was a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on OSK. Evercore ISI reiterated an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. Wells Fargo & Company assumed coverage on shares of Oshkosh in a research report on Thursday, November 13th. They set an “overweight” rating and a $144.00 price objective for the company. Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. KeyCorp boosted their price objective 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. Finally, Robert W. Baird raised their target price on Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Eleven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $145.15.

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.