Oshkosh Co. (NYSE:OSK) Position Lessened by Eastern Bank

Eastern Bank lowered its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 42.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of Oshkosh by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company's stock valued at $19,632,000 after buying an additional 28,478 shares during the last quarter. Virtu Financial LLC bought a new stake in Oshkosh during the 3rd quarter valued at $504,000. Barclays PLC boosted its position in Oshkosh by 40.9% during the 3rd quarter. Barclays PLC now owns 111,710 shares of the company's stock worth $11,192,000 after acquiring an additional 32,435 shares during the period. Y Intercept Hong Kong Ltd grew its stake in shares of Oshkosh by 57.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company's stock worth $2,023,000 after purchasing an additional 7,334 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its holdings in shares of Oshkosh by 3.4% during the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company's stock valued at $14,144,000 after purchasing an additional 4,680 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Trading Up 1.3 %

OSK stock traded up $1.22 during mid-day trading on Tuesday, reaching $93.01. 522,963 shares of the stock traded hands, compared to its average volume of 626,933. The stock's fifty day moving average is $103.12 and its 200-day moving average is $103.77. The company has a market cap of $6.05 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.98 and a beta of 1.21. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping analysts' consensus estimates of $2.87 by $0.06. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. As a group, sell-side analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.46 per share. The ex-dividend date was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.98%. Oshkosh's payout ratio is presently 17.86%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on OSK shares. JPMorgan Chase & Co. reduced their price objective on shares of Oshkosh from $125.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday. Robert W. Baird decreased their price objective on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Truist Financial boosted their target price on Oshkosh from $113.00 to $116.00 and gave the stock a "hold" rating in a report on Thursday, December 19th. Citigroup decreased their price target on Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, UBS Group dropped their price objective on Oshkosh from $129.00 to $125.00 and set a "buy" rating on the stock in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $122.31.

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.