Eastern Bank Sells 95,995 Shares of Oshkosh Co. (NYSE:OSK)

Eastern Bank cut its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 87.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,748 shares of the company's stock after selling 95,995 shares during the period. Eastern Bank's holdings in Oshkosh were worth $1,378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OSK. Vanguard Group Inc. raised its stake in Oshkosh by 10.1% in the first quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company's stock valued at $978,797,000 after buying an additional 718,122 shares in the last quarter. Greenhaven Associates Inc. raised its stake in Oshkosh by 0.8% in the third quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company's stock valued at $254,181,000 after buying an additional 19,442 shares in the last quarter. LSV Asset Management raised its stake in Oshkosh by 5.5% in the first quarter. LSV Asset Management now owns 1,950,720 shares of the company's stock valued at $243,274,000 after buying an additional 102,330 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Oshkosh by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company's stock valued at $196,370,000 after buying an additional 78,235 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Oshkosh by 19.6% in the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company's stock valued at $155,235,000 after buying an additional 235,496 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Trading Down 1.7 %

NYSE OSK traded down $1.77 during trading hours on Wednesday, hitting $103.45. The company's stock had a trading volume of 317,179 shares, compared to its average volume of 498,866. The stock has a fifty day moving average of $102.41 and a 200 day moving average of $108.50. Oshkosh Co. has a twelve month low of $86.10 and a twelve month high of $127.98. The firm has a market capitalization of $6.73 billion, a P/E ratio of 10.18, a PEG ratio of 1.06 and a beta of 1.19. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.34. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The firm's revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.69 earnings per share. Equities research analysts forecast that Oshkosh Co. will post 11.33 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Friday, August 16th. Oshkosh's dividend payout ratio is currently 17.79%.

Analysts Set New Price Targets

A number of research firms have recently commented on OSK. Stifel Nicolaus cut their target price on Oshkosh from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, August 1st. Truist Financial cut their target price on Oshkosh from $126.00 to $114.00 and set a "hold" rating on the stock in a research report on Wednesday, October 9th. Evercore ISI dropped their price target on Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a research report on Monday, August 19th. Jefferies Financial Group lowered their price objective on Oshkosh from $135.00 to $105.00 and set a "hold" rating on the stock in a report on Thursday, July 11th. Finally, Citigroup began coverage on Oshkosh in a research note on Wednesday, June 26th. They set a "buy" rating and a $130.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $125.29.

About Oshkosh

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.