Petrus Trust Company LTA Sells 1,476 Shares of Oshkosh Corporation $OSK

Petrus Trust Company LTA decreased its holdings in Oshkosh Corporation (NYSE:OSK) by 17.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,113 shares of the company’s stock after selling 1,476 shares during the period. Petrus Trust Company LTA’s holdings in Oshkosh were worth $669,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. NFJ Investment Group LLC increased its holdings in shares of Oshkosh by 21.0% in the 1st quarter. NFJ Investment Group LLC now owns 75,947 shares of the company’s stock worth $7,145,000 after purchasing an additional 13,160 shares in the last quarter. Hancock Whitney Corp increased its holdings in shares of Oshkosh by 6.7% in the 1st quarter. Hancock Whitney Corp now owns 3,164 shares of the company’s stock worth $298,000 after purchasing an additional 200 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of 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 purchasing an additional 992,313 shares in the last quarter. Atlantic Investment Management Inc. boosted its stake in shares of Oshkosh by 2.6% in the 1st quarter. Atlantic Investment Management Inc. now owns 235,900 shares of the company’s stock worth $22,193,000 after buying an additional 5,900 shares during the last quarter. Finally, Amundi boosted its stake in shares of Oshkosh by 104.1% in the 1st quarter. Amundi now owns 31,359 shares of the company’s stock worth $2,715,000 after buying an additional 15,995 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of Oshkosh stock opened at $139.53 on Friday. Oshkosh Corporation has a one year low of $76.82 and a one year high of $144.30. The stock’s fifty day moving average is $131.93 and its 200 day moving average is $109.17. The stock has a market cap of $8.93 billion, a P/E ratio of 14.01, a P/E/G ratio of 1.73 and a beta of 1.49. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84.

Oshkosh (NYSE:OSK) last announced its earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same period last year, the firm earned $3.34 EPS. Oshkosh’s revenue for the quarter was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Sell-side analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Oshkosh’s dividend payout ratio (DPR) is currently 20.48%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Citigroup restated a “buy” rating and issued a $130.00 price target (up from $125.00) on shares of Oshkosh in a research note on Tuesday, June 24th. The Goldman Sachs Group upgraded Oshkosh from a “neutral” rating to a “buy” rating and raised their price target for the stock from $124.00 to $131.00 in a research note on Tuesday, July 1st. Evercore ISI restated an “outperform” rating on shares of Oshkosh in a research note on Tuesday, August 19th. Finally, JPMorgan Chase & Co. raised their price target on Oshkosh from $92.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.08.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $139.03, for a total transaction of $556,120.00. Following the sale, the senior vice president directly owned 13,716 shares of the company’s stock, valued at $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Bryan K. Brandt sold 1,732 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $140.37, for a total value of $243,120.84. Following the sale, 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 disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

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.