FMR LLC & Abigail Johnson Trim Oshkosh Corp. Stake to 1.53%
Ticker: OSK · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 775158
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, ownership-change, amendment, passive-investing
TL;DR
**FMR LLC and Abigail Johnson slightly cut their Oshkosh Corp. stake to 1.53%.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Oshkosh Corp. As of December 31, 2023, they collectively beneficially own 1,000,951 shares of Oshkosh Corp. common stock, representing 1.530% of the company's outstanding shares. This filing indicates a slight decrease in their reported ownership percentage compared to previous filings, which could signal a minor adjustment in their investment strategy for Oshkosh Corp. and might be seen as a neutral to slightly bearish signal for current or prospective investors.
Why It Matters
This filing shows that a significant institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have slightly reduced their percentage ownership in Oshkosh Corp., which could influence other investors' perceptions of the stock.
Risk Assessment
Risk Level: low — The change in ownership percentage is minor and does not indicate a significant shift in the company's fundamentals or a major divestment by a key investor.
Analyst Insight
Investors should note the minor reduction in FMR LLC's stake but recognize it's not a significant divestment, suggesting a stable, long-term view rather than an immediate bearish signal.
Key Numbers
- 1,000,951 — Shares Beneficially Owned (Total shares of Oshkosh Corp. common stock owned by FMR LLC and Abigail P. Johnson as of December 31, 2023.)
- 1.530% — Percent of Class (The percentage of Oshkosh Corp.'s common stock outstanding that FMR LLC and Abigail P. Johnson collectively own.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- Oshkosh Corp. (company) — the issuer of the common stock
- 1,000,951 (dollar_amount) — number of shares beneficially owned by FMR LLC and Abigail P. Johnson
- 1.530% (dollar_amount) — percentage of class beneficially owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain a similar ownership percentage in Oshkosh Corp. over the next year, with minor adjustments. (FMR LLC) — medium confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing for Oshkosh Corp.?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What is the total number of Oshkosh Corp. common shares beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 1,000,951 shares of Oshkosh Corp. common stock, as indicated in Item 7 and Item 4(a) of the filing.
What percentage of Oshkosh Corp.'s common stock do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 1.530% of the class of Oshkosh Corp. common stock, as reported in Item 11 and Item 4(b) of the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the cover page and in Item 3 of the filing.
What is the CUSIP number for Oshkosh Corp. common stock mentioned in this filing?
The CUSIP number for Oshkosh Corp. common stock is 688239201, as stated on the cover page and in Item 2(e) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding OSHKOSH CORP (OSK).