TradeLink Capital LLC Makes New Investment in Oshkosh Corporation $OSK

TradeLink Capital LLC purchased a new position in shares of Oshkosh Corporation (NYSE:OSK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,433 shares of the company’s stock, valued at approximately $2,434,000. Oshkosh makes up approximately 7.2% of TradeLink Capital LLC’s holdings, making the stock its 3rd biggest holding.

Several other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in Oshkosh by 267.3% in the first quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company’s stock worth $126,224,000 after acquiring an additional 992,313 shares during the period. Norges Bank bought a new stake in shares of Oshkosh in the 2nd quarter valued at about $98,570,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Oshkosh in the 1st quarter valued at about $54,860,000. American Century Companies Inc. lifted its position in shares of Oshkosh by 22.8% in the 2nd quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock worth $324,587,000 after purchasing an additional 529,907 shares during the period. Finally, Pzena Investment Management LLC bought a new position in shares of Oshkosh during the second quarter valued at approximately $59,709,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Friday. Robert W. Baird boosted their price target on Oshkosh from $169.00 to $188.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Truist Financial decreased their price objective on Oshkosh from $171.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Oshkosh from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $145.50.

Oshkosh Stock Up 0.8%

Shares of OSK stock opened at $128.18 on Monday. The stock’s fifty day moving average price is $128.52 and its 200 day moving average price is $125.12. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $144.30. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.92.

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

Oshkosh Dividend Announcement

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

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.