Cerity Partners LLC Acquires 25,351 Shares of Oshkosh Corporation $OSK

Cerity Partners LLC increased its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 38.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,116 shares of the company’s stock after purchasing an additional 25,351 shares during the quarter. Cerity Partners LLC owned approximately 0.14% of Oshkosh worth $10,345,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. boosted its stake in shares of Oshkosh by 69.1% during the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock worth $32,000 after buying an additional 114 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Oshkosh by 215.5% in the second quarter. Hantz Financial Services Inc. now owns 407 shares of the company’s stock valued at $46,000 after acquiring an additional 278 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Oshkosh by 107.6% in the first quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock valued at $67,000 after acquiring an additional 370 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Oshkosh by 21.8% during the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after acquiring an additional 106 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in Oshkosh by 37.5% during the second quarter. Nomura Asset Management Co. Ltd. now owns 770 shares of the company’s stock valued at $87,000 after purchasing an additional 210 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Up 5.1%

OSK stock opened at $132.50 on Thursday. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $144.30. The business’s 50 day simple moving average is $128.31 and its 200 day simple moving average is $126.52. The company has a current ratio of 1.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $8.38 billion, a PE ratio of 12.93, a PEG ratio of 1.59 and a beta of 1.41.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Wednesday, October 29th. The company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.08. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the previous year, the business posted $2.93 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. As a group, research analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a $0.51 dividend. The ex-dividend date was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Oshkosh’s dividend payout ratio is 19.90%.

Analysts Set New Price Targets

A number of research analysts have weighed in on OSK shares. Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. UBS Group increased their price objective on Oshkosh from $164.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $133.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Finally, Barclays started coverage on shares of Oshkosh in a research note on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 price target for the company. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.