Eagle Bay Advisors LLC Cuts Stake in Oshkosh Co. (NYSE:OSK)

Eagle Bay Advisors LLC trimmed its holdings in shares of Oshkosh Co. (NYSE:OSK) by 39.0% during the 4th quarter, Holdings Channel reports. The fund owned 413 shares of the company’s stock after selling 264 shares during the period. Eagle Bay Advisors LLC’s holdings in Oshkosh were worth $39,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Oshkosh during the third quarter valued at approximately $25,000. Brooklyn Investment Group purchased a new stake in Oshkosh during the third quarter worth $34,000. International Assets Investment Management LLC boosted its position in Oshkosh by 9,922.2% during the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after acquiring an additional 893 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Oshkosh by 35.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock valued at $100,000 after acquiring an additional 262 shares during the period. Finally, Redwood Wealth Management Group LLC bought a new position in shares of Oshkosh in the 2nd quarter worth $111,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OSK. 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 report on Thursday, December 12th. Robert W. Baird cut their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, Truist Financial lifted their price target on shares of Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. 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. According to MarketBeat, Oshkosh currently has a consensus rating of “Hold” and a consensus price target of $124.62.

Oshkosh Trading Up 2.5 %

Oshkosh stock opened at $91.83 on Tuesday. Oshkosh Co. has a 52 week low of $89.08 and a 52 week high of $127.98. The stock has a 50-day moving average price of $103.12 and a 200 day moving average price of $103.77. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21.

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

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 2.00%. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

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.