M&G PLC Has $15.91 Million Stock Position in Oshkosh Corporation $OSK

M&G PLC cut its position in Oshkosh Corporation (NYSE:OSK) by 10.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,537 shares of the company’s stock after selling 15,949 shares during the quarter. M&G PLC’s holdings in Oshkosh were worth $15,907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC increased its stake in shares of Oshkosh by 3.1% in the second quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock worth $324,000 after purchasing an additional 87 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of 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 buying an additional 106 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Oshkosh by 69.1% in 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 during the period. US Bancorp DE raised its stake in Oshkosh by 6.3% during the 1st quarter. US Bancorp DE now owns 3,202 shares of the company’s stock valued at $301,000 after purchasing an additional 190 shares during the last quarter. Finally, Hancock Whitney Corp boosted its holdings in Oshkosh by 6.7% in the 1st quarter. Hancock Whitney Corp now owns 3,164 shares of the company’s stock valued at $298,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Insider Transactions at Oshkosh

In other news, CMO Bryan K. Brandt sold 1,732 shares of the company’s 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 directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the completion of the sale, the senior vice president directly owned 13,716 shares of the company’s stock, valued at approximately $1,906,935.48. This represents a 22.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.55% of the stock is owned by corporate insiders.

Oshkosh Stock Up 0.3%

Shares of OSK opened at $124.94 on Thursday. The company has a market capitalization of $7.90 billion, a P/E ratio of 12.19, a PEG 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 Corporation has a one year low of $76.82 and a one year high of $144.30. The business’s 50 day simple moving average is $131.51 and its 200-day simple moving average is $122.11.

Oshkosh (NYSE:OSK) last released its quarterly 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 firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The business’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm posted $2.93 EPS. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. As a group, sell-side analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday, October 8th. Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a research report on Sunday. KeyCorp boosted their price target on shares of Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Zacks Research lowered shares of Oshkosh from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, UBS Group upped their target price on shares of Oshkosh from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.25.

About Oshkosh

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.