Pacer Advisors Inc. Cuts Holdings in Oshkosh Corporation $OSK

Pacer Advisors Inc. lowered its stake in shares of Oshkosh Corporation (NYSE:OSK) by 96.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,511 shares of the company’s stock after selling 220,277 shares during the period. Pacer Advisors Inc.’s holdings in Oshkosh were worth $1,106,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in OSK. World Investment Advisors grew its position in Oshkosh by 4.7% in the first quarter. World Investment Advisors now owns 1,809 shares of the company’s stock worth $266,000 after acquiring an additional 82 shares in the last quarter. IFP Advisors Inc raised its position in Oshkosh by 11.7% during the fourth quarter. IFP Advisors Inc now owns 838 shares of the company’s stock valued at $105,000 after purchasing an additional 88 shares in the last quarter. Waverly Advisors LLC lifted its stake in Oshkosh by 0.5% during the first quarter. Waverly Advisors LLC now owns 18,595 shares of the company’s stock worth $2,737,000 after purchasing an additional 90 shares during the last quarter. Personal CFO Solutions LLC boosted its holdings in shares of Oshkosh by 4.8% in the 1st quarter. Personal CFO Solutions LLC now owns 1,992 shares of the company’s stock worth $293,000 after purchasing an additional 92 shares in the last quarter. Finally, Groupama Asset Managment boosted its holdings in shares of Oshkosh by 1.7% in the 4th quarter. Groupama Asset Managment now owns 5,409 shares of the company’s stock worth $680,000 after purchasing an additional 93 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wall Street Zen cut Oshkosh from a “buy” rating to a “hold” rating in a report on Sunday. Morgan Stanley reduced their price target on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Citigroup lowered shares of Oshkosh from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $180.00 to $170.00 in a report on Monday, April 13th. JPMorgan Chase & Co. upped their price objective on shares of Oshkosh from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Finally, Zacks Research lowered shares of Oshkosh from a “hold” rating to a “strong sell” rating in a report on Thursday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Oshkosh presently has an average rating of “Moderate Buy” and a consensus target price of $171.33.

Insider Activity

In related news, Director Duncan Palmer sold 505 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total transaction of $67,599.30. Following the transaction, the director owned 39,684 shares in the company, valued at $5,312,100.24. The trade was a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is owned by insiders.

Oshkosh Stock Up 0.1%

Shares of Oshkosh stock opened at $155.44 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72. Oshkosh Corporation has a 52-week low of $116.77 and a 52-week high of $180.49. The company’s 50 day moving average price is $143.25 and its 200-day moving average price is $148.13. The stock has a market capitalization of $9.60 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 0.95 and a beta of 1.25.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.24. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.41 EPS. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. Equities research analysts forecast that Oshkosh Corporation will post 10.72 EPS for the current year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, August 13th. Oshkosh’s dividend payout ratio is currently 26.09%.

About Oshkosh

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.