Penserra Capital Management LLC Purchases 519 Shares of Oshkosh Corporation $OSK

Penserra Capital Management LLC boosted its position in Oshkosh Corporation (NYSE:OSK) by 12.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,691 shares of the company’s stock after purchasing an additional 519 shares during the period. Penserra Capital Management LLC’s holdings in Oshkosh were worth $532,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in Oshkosh by 21.8% in the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock valued at $67,000 after buying an additional 106 shares during the period. Whittier Trust Co. increased 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 during the last quarter. US Bancorp DE raised its stake in Oshkosh by 6.3% in the 1st quarter. US Bancorp DE now owns 3,202 shares of the company’s stock valued at $301,000 after acquiring an additional 190 shares during the period. State of Michigan Retirement System boosted its position in Oshkosh by 1.3% during the first quarter. State of Michigan Retirement System now owns 15,608 shares of the company’s stock worth $1,468,000 after purchasing an additional 200 shares during the period. Finally, Hancock Whitney Corp boosted its position in Oshkosh by 6.7% during the first quarter. Hancock Whitney Corp now owns 3,164 shares of the company’s stock worth $298,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Trading Up 1.6%

Shares of OSK stock opened at $124.41 on Wednesday. The stock has a market cap of $7.87 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $144.30. The company has a current ratio of 1.98, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $131.75 and a 200 day simple moving average of $122.09.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.08. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.93 EPS. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. On average, research analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $2.04 annualized dividend and a yield of 1.6%. Oshkosh’s dividend payout ratio is currently 19.90%.

Insider Transactions at Oshkosh

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,468,129.83. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Anupam Khare sold 4,000 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president owned 13,716 shares of the company’s stock, valued at $1,906,935.48. The trade was a 22.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

OSK has been the topic of several research analyst reports. Robert W. Baird increased their price objective on shares of Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Evercore ISI reissued an “outperform” rating on shares of Oshkosh in a report on Tuesday, August 19th. KeyCorp raised their price objective on shares of Oshkosh from $140.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Zacks Research downgraded Oshkosh from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. increased their target price on Oshkosh from $133.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.25.

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.