New York State Teachers Retirement System Sells 100 Shares of Oshkosh Corporation $OSK

New York State Teachers Retirement System reduced its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,462 shares of the company’s stock after selling 100 shares during the quarter. New York State Teachers Retirement System’s holdings in Oshkosh were worth $9,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. AQR Capital Management LLC lifted 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 valued at $126,224,000 after acquiring an additional 992,313 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Oshkosh during the first quarter valued at approximately $54,860,000. Pzena Investment Management LLC bought a new position in Oshkosh during the second quarter valued at approximately $59,709,000. Dimensional Fund Advisors LP boosted its holdings in Oshkosh by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company’s stock worth $251,417,000 after purchasing an additional 354,714 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Oshkosh by 14.7% in the 1st quarter. American Century Companies Inc. now owns 2,328,880 shares of the company’s stock worth $219,101,000 after purchasing an additional 298,470 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of the sale, the senior vice president directly owned 13,716 shares of the company’s stock, valued at $1,906,935.48. This trade represents a 22.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the completion of the transaction, the chief marketing officer owned 10,459 shares of the company’s stock, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

Oshkosh Stock Down 3.0%

Shares of OSK opened at $132.07 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 1.64 and a beta of 1.47. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $144.30. The business’s 50 day simple moving average is $135.44 and its 200-day simple moving average is $116.56.

Oshkosh (NYSE:OSK) last posted its earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.43. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. Oshkosh’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the firm posted $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, equities analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday, October 8th. Evercore ISI reissued an “outperform” rating on shares of Oshkosh in a report on Tuesday, August 19th. Citigroup boosted their price target on Oshkosh from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Zacks Research downgraded shares of Oshkosh from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.08.

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.