Hudson Bay Capital Management LP Acquires 6,493 Shares of Oshkosh Corporation $OSK

Hudson Bay Capital Management LP lifted its holdings in Oshkosh Corporation (NYSE:OSK) by 5.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,217 shares of the company’s stock after purchasing an additional 6,493 shares during the period. Hudson Bay Capital Management LP owned 0.20% of Oshkosh worth $14,217,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of OSK. AQR Capital Management LLC lifted its position in shares of Oshkosh by 267.3% in the first quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company’s stock worth $126,224,000 after buying an additional 992,313 shares during the last quarter. Norges Bank bought a new position in shares of Oshkosh in the 2nd quarter valued at approximately $98,570,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Oshkosh in the 1st quarter valued at approximately $54,860,000. American Century Companies Inc. lifted its holdings in Oshkosh by 22.8% in the 2nd quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock worth $324,587,000 after purchasing an additional 529,907 shares during the last quarter. Finally, Pzena Investment Management LLC bought a new stake in Oshkosh during the second quarter worth approximately $59,709,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on OSK shares. Argus dropped their price target on shares of Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Morgan Stanley boosted their target price on shares of Oshkosh from $136.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Wednesday. UBS Group upped their price target on shares of Oshkosh from $164.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, KeyCorp lifted their price objective on Oshkosh from $140.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Thirteen 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 company’s stock. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and an average price target of $150.20.

Oshkosh Stock Down 0.8%

Shares of OSK opened at $132.43 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.99 and a current ratio of 1.98. The company has a 50-day simple moving average of $128.41 and a 200-day simple moving average of $127.18. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $144.30. The firm has a market capitalization of $8.38 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.68 and a beta of 1.41.

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

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, November 17th. Oshkosh’s dividend payout ratio (DPR) is 19.90%.

Oshkosh 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.