Synovus Financial Corp Purchases 2,865 Shares of Oshkosh Co. (NYSE:OSK)

Synovus Financial Corp lifted its position in shares of Oshkosh Co. (NYSE:OSK) by 10.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,251 shares of the company’s stock after acquiring an additional 2,865 shares during the period. Synovus Financial Corp’s holdings in Oshkosh were worth $3,031,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. AE Wealth Management LLC boosted its holdings in shares of Oshkosh by 7.3% in the 2nd quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock valued at $202,000 after purchasing an additional 127 shares in the last quarter. KBC Group NV increased its position in Oshkosh by 15.2% during the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $167,000 after purchasing an additional 220 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Oshkosh by 1.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 22,615 shares of the company’s stock valued at $2,447,000 after purchasing an additional 235 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Oshkosh in the third quarter valued at approximately $25,000. Finally, ABLE Financial Group LLC boosted its holdings in shares of Oshkosh by 4.6% during the 2nd quarter. ABLE Financial Group LLC now owns 5,635 shares of the company’s stock valued at $610,000 after acquiring an additional 249 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of OSK opened at $100.00 on Friday. Oshkosh Co. has a one year low of $93.34 and a one year high of $127.98. The company has a market cap of $6.51 billion, a PE ratio of 9.71, a P/E/G ratio of 1.01 and a beta of 1.19. The stock has a 50-day moving average of $107.37 and a 200-day moving average of $105.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.63 billion. On average, equities research analysts predict that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.84%. Oshkosh’s dividend payout ratio (DPR) is currently 17.86%.

Wall Street Analyst Weigh In

OSK has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Robert W. Baird cut their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Evercore ISI reduced 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. Truist Financial decreased their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Finally, UBS Group lowered their price target on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $122.86.

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.