Voleon Capital Management LP Sells 3,144 Shares of Oshkosh Corporation $OSK

Voleon Capital Management LP trimmed its position in Oshkosh Corporation (NYSE:OSK) by 37.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 5,159 shares of the company’s stock after selling 3,144 shares during the period. Voleon Capital Management LP’s holdings in Oshkosh were worth $485,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kodai Capital Management LP purchased a new stake in shares of Oshkosh in the 1st quarter worth about $7,077,000. Ieq Capital LLC bought a new stake in Oshkosh during the first quarter worth about $7,682,000. Principal Financial Group Inc. grew its holdings in Oshkosh by 0.4% in the first quarter. Principal Financial Group Inc. now owns 149,716 shares of the company’s stock worth $14,085,000 after purchasing an additional 553 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Oshkosh in the first quarter worth about $263,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Oshkosh during the first quarter valued at approximately $7,611,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OSK. UBS Group set a $164.00 price target on Oshkosh and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Evercore ISI reissued an “outperform” rating on shares of Oshkosh in a report on Tuesday, August 19th. DA Davidson set a $160.00 price target on Oshkosh and gave the company a “buy” rating in a report on Tuesday, August 5th. Jefferies Financial Group reiterated a “hold” rating on shares of Oshkosh in a research note on Friday, June 6th. Finally, KeyCorp increased 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. One research 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 given a Sell rating to the stock. According to MarketBeat, Oshkosh currently has a consensus rating of “Moderate Buy” and an average price target of $138.08.

Oshkosh Stock Down 2.1%

OSK stock opened at $136.11 on Wednesday. The stock has a market capitalization of $8.71 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.73 and a beta of 1.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $144.30. The business has a fifty day moving average price of $132.79 and a 200-day moving average price of $109.59.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating the consensus estimate 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 firm posted $3.34 earnings per share. Oshkosh’s 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. Equities analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a $0.51 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. Oshkosh’s payout ratio is currently 20.48%.

Insider Activity at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction, the chief marketing officer directly owned 10,459 shares in the company, valued at $1,468,129.83. The trade was 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 insiders.

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.