Eastern Bank Reduces Stock Holdings in Oshkosh Co. (NYSE:OSK)

Eastern Bank decreased its holdings in Oshkosh Co. (NYSE:OSK) by 42.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,936 shares of the company’s stock after selling 5,812 shares during the quarter. Eastern Bank’s holdings in Oshkosh were worth $754,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OSK. V Square Quantitative Management LLC bought a new position in Oshkosh in the third quarter worth $25,000. Brooklyn Investment Group bought a new position in Oshkosh in the third quarter worth $34,000. International Assets Investment Management LLC raised its holdings in Oshkosh by 9,922.2% in the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock worth $90,000 after purchasing an additional 893 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Oshkosh by 35.5% in the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after purchasing an additional 262 shares in the last quarter. Finally, Redwood Wealth Management Group LLC bought a new position in Oshkosh in the second quarter worth $111,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on OSK shares. JPMorgan Chase & Co. increased their price objective on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Truist Financial increased their price objective on Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. UBS Group reduced their price target on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Robert W. Baird reduced their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $124.62.

Oshkosh Price Performance

NYSE OSK opened at $91.83 on Tuesday. Oshkosh Co. has a one year low of $89.08 and a one year high of $127.98. The stock has a 50-day moving average of $103.12 and a 200 day moving average of $103.77. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.98 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. On average, sell-side analysts forecast that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 2.00%. Oshkosh’s payout ratio is 17.86%.

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.