Oshkosh Corporation (NYSE:OSK) Shares Sold by Eastern Bank

Key Points

• Eastern Bank reduced its holdings in Oshkosh Corporation by 60.7% during the 1st quarter, leaving them with 3,116 shares valued at approximately $293,000.
• Oshkosh's most recent earnings report showed earnings per share (EPS) of $1.92, missing the consensus estimate of $2.02, while quarterly revenue decreased 9.1% compared to the previous year.
• Institutional investors currently own 92.36% of Oshkosh's stock, with multiple firms, including Dimensional Fund Advisors and FMR LLC, increasing their stakes significantly in the fourth quarter.

Eastern Bank decreased its holdings in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 60.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,116 shares of the company's stock after selling 4,820 shares during the quarter. Eastern Bank's holdings in Oshkosh were worth $293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in Oshkosh by 9.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company's stock worth $220,342,000 after acquiring an additional 206,377 shares during the period. FMR LLC raised its stake in Oshkosh by 13.0% during the fourth quarter. FMR LLC now owns 1,383,558 shares of the company's stock worth $131,535,000 after acquiring an additional 159,667 shares during the period. Invesco Ltd. raised its stake in Oshkosh by 2.3% during the fourth quarter. Invesco Ltd. now owns 1,243,561 shares of the company's stock worth $118,225,000 after acquiring an additional 27,659 shares during the period. Geode Capital Management LLC raised its stake in Oshkosh by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 1,130,190 shares of the company's stock worth $107,479,000 after acquiring an additional 40,260 shares during the period. Finally, Norges Bank acquired a new stake in shares of Oshkosh in the fourth quarter valued at approximately $72,692,000. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Price Performance

NYSE OSK opened at $126.46 on Friday. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $130.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86. The firm has a market capitalization of $8.14 billion, a PE ratio of 13.51, a P/E/G ratio of 2.02 and a beta of 1.43. The company's 50 day simple moving average is $115.39 and its 200 day simple moving average is $102.90.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.10). The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.42 billion. Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The company's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.89 EPS. As a group, equities research analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Robert W. Baird raised their price target on shares of Oshkosh from $135.00 to $169.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. UBS Group raised their price target on shares of Oshkosh from $119.00 to $149.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. DA Davidson raised their price target on shares of Oshkosh from $111.00 to $148.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price target on shares of Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a research note on Friday, June 6th. Finally, Bank of America raised their price target on shares of Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Oshkosh presently has a consensus rating of "Moderate Buy" and an average price target of $129.69.

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.

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