Curat Global LLC Lowers Position in Oshkosh Corporation $OSK

Curat Global LLC lowered its holdings in Oshkosh Corporation (NYSE:OSK) by 60.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 708 shares of the company’s stock after selling 1,100 shares during the quarter. Curat Global LLC’s holdings in Oshkosh were worth $80,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of 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 acquiring an additional 35,382 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Oshkosh by 15.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company’s stock valued at $251,417,000 after acquiring an additional 354,714 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Oshkosh by 14.7% in the 1st quarter. American Century Companies Inc. now owns 2,328,880 shares of the company’s stock valued at $219,101,000 after acquiring an additional 298,470 shares in the last quarter. LSV Asset Management raised its holdings in shares of Oshkosh by 6.9% in the 1st quarter. LSV Asset Management now owns 1,726,606 shares of the company’s stock valued at $162,439,000 after acquiring an additional 111,062 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Oshkosh by 267.3% in 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 in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on OSK. Robert W. Baird raised their price target on Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a report on Monday, August 4th. JPMorgan Chase & Co. raised their price objective on Oshkosh from $133.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Citigroup raised their price objective on Oshkosh from $150.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. UBS Group set a $164.00 price objective on Oshkosh and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group raised Oshkosh from a “neutral” rating to a “buy” rating and raised their price objective for the company from $124.00 to $131.00 in a report on Tuesday, July 1st. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $147.08.

Insider Activity at Oshkosh

In related news, CMO Bryan K. Brandt sold 1,732 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction 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. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the senior vice president 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 disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

Oshkosh Price Performance

OSK opened at $139.40 on Monday. The stock’s 50 day simple moving average is $135.24 and its 200 day simple moving average is $118.46. 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 firm has a market cap of $8.92 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 1.74 and a beta of 1.47.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period last year, the company earned $3.34 EPS. Oshkosh’s revenue for the quarter was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

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

About Oshkosh

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.