Oshkosh Corporation $OSK Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 6.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,639 shares of the company’s stock after selling 4,250 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.09% of Oshkosh worth $8,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OSK. Southpoint Capital Advisors LP acquired a new position in shares of Oshkosh in the 4th quarter valued at about $175,882,000. Norges Bank acquired a new stake in Oshkosh during the fourth quarter worth about $127,907,000. First Trust Advisors LP grew its holdings in Oshkosh by 408.7% during the fourth quarter. First Trust Advisors LP now owns 1,213,804 shares of the company’s stock worth $152,490,000 after acquiring an additional 975,206 shares during the period. Alliancebernstein L.P. raised its position in Oshkosh by 908.0% during the third quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock valued at $118,481,000 after acquiring an additional 822,874 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in Oshkosh by 143.9% in the fourth quarter. Capital Research Global Investors now owns 1,193,156 shares of the company’s stock valued at $149,896,000 after acquiring an additional 704,022 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OSK has been the topic of several recent research reports. Wall Street Zen lowered Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Evercore reiterated an “outperform” rating and issued a $181.00 target price on shares of Oshkosh in a research note on Monday, May 11th. Citigroup downgraded shares of Oshkosh from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $180.00 to $170.00 in a report on Monday, April 13th. JPMorgan Chase & Co. dropped their price target on shares of Oshkosh from $158.00 to $145.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Finally, Sanford C. Bernstein set a $138.00 price objective on shares of Oshkosh in a report on Thursday, April 9th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Oshkosh has a consensus rating of “Moderate Buy” and an average target price of $168.60.

Insider Activity

In other news, Director Duncan Palmer sold 505 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total value of $67,599.30. Following the completion of the sale, the director directly owned 39,684 shares in the company, valued at $5,312,100.24. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is owned by insiders.

Oshkosh Price Performance

Shares of Oshkosh stock opened at $154.51 on Tuesday. The stock has a market capitalization of $9.63 billion, a P/E ratio of 17.21, a PEG ratio of 0.77 and a beta of 1.23. The business has a 50 day simple moving average of $139.28 and a two-hundred day simple moving average of $148.14. Oshkosh Corporation has a 12 month low of $116.77 and a 12 month high of $180.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.83.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the firm earned $1.92 earnings per share. The business’s revenue was up .2% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. As a group, analysts predict that Oshkosh Corporation will post 10.87 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 26th. Oshkosh’s payout ratio is 25.39%.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.