First Trust Advisors LP Has $33.28 Million Stock Holdings in Oshkosh Corporation $OSK

First Trust Advisors LP decreased its position in shares of Oshkosh Corporation (NYSE:OSK) by 9.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 293,114 shares of the company’s stock after selling 31,736 shares during the period. First Trust Advisors LP’s holdings in Oshkosh were worth $33,280,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OSK. ProShare Advisors LLC raised its stake in shares of Oshkosh by 3.1% during the 2nd quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock worth $324,000 after purchasing an additional 87 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Oshkosh by 21.8% in the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after buying an additional 106 shares during the last quarter. Whittier Trust Co. raised its position in Oshkosh by 69.1% during the second quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after acquiring an additional 114 shares in the last quarter. Intech Investment Management LLC lifted its stake in Oshkosh by 1.6% in the second quarter. Intech Investment Management LLC now owns 11,715 shares of the company’s stock valued at $1,330,000 after acquiring an additional 180 shares during the last quarter. Finally, US Bancorp DE lifted its stake in Oshkosh by 6.3% in the first 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 last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

NYSE OSK opened at $125.99 on Wednesday. The stock has a 50-day simple moving average of $128.24 and a 200 day simple moving average of $126.48. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $144.30. The stock has a market capitalization of $7.97 billion, a PE ratio of 12.29, a P/E/G ratio of 1.63 and a beta of 1.41. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.99 and a current ratio of 1.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $3.20 EPS 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 company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the business posted $2.93 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Research analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

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

Analyst Upgrades and Downgrades

OSK has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research cut Oshkosh from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. KeyCorp increased their price objective on Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Wells Fargo & Company initiated coverage on Oshkosh in a report on Thursday, November 13th. They issued an “overweight” rating and a $144.00 target price for the company. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. Twelve 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. According to data from MarketBeat, Oshkosh presently has a consensus rating of “Moderate Buy” and an average target price of $145.50.

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.