Rehmann Capital Advisory Group Sells 2,538 Shares of Oshkosh Corporation $OSK

Rehmann Capital Advisory Group cut its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 51.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,439 shares of the company’s stock after selling 2,538 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Oshkosh were worth $277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OSK. AQR Capital Management LLC lifted its position in Oshkosh by 267.3% during the 1st quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company’s stock worth $126,224,000 after buying an additional 992,313 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Oshkosh in the 1st quarter valued at about $54,860,000. Pzena Investment Management LLC bought a new stake in shares of Oshkosh in the 2nd quarter valued at about $59,709,000. 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 purchasing an additional 354,714 shares during the period. Finally, 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 purchasing an additional 298,470 shares during the period. 92.36% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the transaction, the chief marketing officer owned 10,459 shares in the company, valued at $1,468,129.83. This represents a 14.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total transaction 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

OSK has been the topic of a number of research analyst reports. Evercore ISI reaffirmed an “outperform” rating on shares of Oshkosh in a report on Tuesday, August 19th. UBS Group set a $164.00 target price on shares of Oshkosh and gave the company a “buy” rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. upped their target price on shares of Oshkosh from $133.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Truist Financial upped their target price on shares of Oshkosh from $155.00 to $171.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Robert W. Baird upped their target price on shares of Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and a consensus target price of $147.08.

Oshkosh Stock Down 0.4%

Oshkosh stock opened at $139.40 on Friday. The stock has a market cap of $8.92 billion, a P/E ratio of 14.00, a P/E/G ratio of 1.74 and a beta of 1.47. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $144.30. The company’s 50-day moving average price is $135.24 and its two-hundred day moving average price is $117.99.

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

Oshkosh Announces Dividend

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

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.