Altrinsic Global Advisors LLC Makes New $9.80 Million Investment in Oshkosh Corporation $OSK

Altrinsic Global Advisors LLC bought a new stake in Oshkosh Corporation (NYSE:OSK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 86,274 shares of the company’s stock, valued at approximately $9,796,000. Oshkosh makes up approximately 0.4% of Altrinsic Global Advisors LLC’s portfolio, making the stock its 29th largest position.

Several other large investors have also recently made changes to their positions in OSK. Vanguard Group Inc. increased its holdings in Oshkosh by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company’s stock worth $769,303,000 after buying an additional 35,382 shares during the last quarter. American Century Companies Inc. grew its position in shares of Oshkosh by 22.8% during the 2nd quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after acquiring an additional 529,907 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Oshkosh by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company’s stock worth $251,417,000 after purchasing an additional 354,714 shares during the last quarter. LSV Asset Management raised its stake in shares of Oshkosh by 8.0% in the second quarter. LSV Asset Management now owns 1,864,424 shares of the company’s stock valued at $211,687,000 after buying an additional 137,818 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Oshkosh by 267.3% in the 1st 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 last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

NYSE OSK opened at $132.50 on Thursday. The company has a 50-day simple moving average of $128.31 and a two-hundred day simple moving average of $126.52. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $144.30. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 1.59 and a beta of 1.41. The company has a quick ratio of 0.99, a current ratio of 1.98 and a debt-to-equity ratio of 0.24.

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

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid 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 of this dividend was Monday, November 17th. Oshkosh’s dividend payout ratio is 19.90%.

Wall Street Analyst Weigh In

OSK has been the topic of several recent research reports. Truist Financial dropped their price objective on shares of Oshkosh from $171.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research report on Wednesday, October 8th. Wells Fargo & Company assumed coverage on shares of Oshkosh in a report on Thursday, November 13th. They issued an “overweight” rating and a $144.00 price target on the stock. KeyCorp upped 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. Finally, UBS Group upped their target price on shares of Oshkosh from $164.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Oshkosh currently has a consensus rating of “Moderate Buy” and an average target price of $150.20.

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.