Corient Private Wealth LLC Cuts Stock Holdings in Oshkosh Corporation $OSK

Corient Private Wealth LLC lowered its stake in shares of Oshkosh Corporation (NYSE:OSK) by 10.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,993 shares of the company’s stock after selling 5,470 shares during the quarter. Corient Private Wealth LLC’s holdings in Oshkosh were worth $5,655,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Goldman Sachs Group Inc. raised its holdings in shares of Oshkosh by 43.4% in the first quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock valued at $21,180,000 after purchasing an additional 68,165 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Oshkosh by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock worth $17,705,000 after purchasing an additional 14,122 shares during the last quarter. Focus Partners Wealth bought a new stake in Oshkosh in the 1st quarter worth about $567,000. Sivia Capital Partners LLC purchased a new stake in Oshkosh in the 2nd quarter valued at about $325,000. Finally, California Public Employees Retirement System increased its stake in Oshkosh by 1.3% in the 2nd quarter. California Public Employees Retirement System now owns 111,199 shares of the company’s stock valued at $12,626,000 after buying an additional 1,404 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OSK has been the topic of a number of research analyst reports. Zacks Research upgraded Oshkosh from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. decreased their price target on Oshkosh from $158.00 to $145.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Evercore reissued an “outperform” rating and issued a $181.00 price objective on shares of Oshkosh in a research report on Monday, May 11th. Citigroup lowered Oshkosh from a “buy” rating to a “neutral” rating and decreased their target price for the company from $180.00 to $170.00 in a research report on Monday, April 13th. Finally, Wall Street Zen cut Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.38.

Oshkosh Trading Up 5.3%

NYSE:OSK opened at $150.91 on Friday. Oshkosh Corporation has a 12 month low of $109.80 and a 12 month high of $180.49. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $137.68 and its 200 day moving average is $145.61. The stock has a market capitalization of $9.41 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 0.70 and a beta of 1.26.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.19). Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the company posted $1.92 earnings per share. Oshkosh’s revenue for the quarter was up .2% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Sell-side analysts expect that Oshkosh Corporation will post 11 earnings per share for the current year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were paid a dividend of $0.57 per share. The ex-dividend date was Tuesday, May 26th. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. Oshkosh’s dividend payout ratio is presently 25.39%.

Insiders Place Their Bets

In related news, Director Duncan Palmer sold 505 shares of Oshkosh stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the completion of the sale, the director owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company’s stock.

Oshkosh Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.