Synovus Financial Corp Sells 2,815 Shares of Oshkosh Co. (NYSE:OSK)

Synovus Financial Corp decreased its position in Oshkosh Co. (NYSE:OSK - Free Report) by 9.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,259 shares of the company's stock after selling 2,815 shares during the quarter. Synovus Financial Corp's holdings in Oshkosh were worth $2,351,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OSK. Vanguard Group Inc. increased its stake in shares of Oshkosh by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 6,179,092 shares of the company's stock worth $434,329,000 after acquiring an additional 44,117 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Oshkosh by 22.4% during the fourth quarter. American Century Companies Inc. now owns 3,938,229 shares of the company's stock valued at $347,312,000 after purchasing an additional 721,154 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Oshkosh by 14.0% in the 4th quarter. Victory Capital Management Inc. now owns 3,281,336 shares of the company's stock worth $289,551,000 after purchasing an additional 403,703 shares in the last quarter. Greenhaven Associates Inc. grew its stake in shares of Oshkosh by 12.6% in the 1st quarter. Greenhaven Associates Inc. now owns 1,957,309 shares of the company's stock worth $162,809,000 after buying an additional 219,635 shares during the last quarter. Finally, State Street Corp increased its position in Oshkosh by 3.2% during the 1st quarter. State Street Corp now owns 1,829,620 shares of the company's stock valued at $184,151,000 after buying an additional 56,351 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

Several equities research analysts have commented on the company. Citigroup boosted their target price on Oshkosh from $85.00 to $95.00 and gave the stock a "neutral" rating in a report on Tuesday, July 18th. Evercore ISI reduced their price objective on shares of Oshkosh from $89.00 to $82.00 in a research note on Tuesday, May 9th. Credit Suisse Group upped their target price on shares of Oshkosh from $96.00 to $115.00 and gave the stock an "outperform" rating in a research note on Thursday, August 3rd. JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $97.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, August 2nd. Finally, StockNews.com assumed coverage on shares of Oshkosh in a report on Thursday, August 17th. They issued a "buy" rating for the company. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $108.62.

Get Our Latest Stock Report on Oshkosh

In other Oshkosh news, EVP Frank R. Nerenhausen sold 10,300 shares of the company's stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $106.03, for a total value of $1,092,109.00. Following the completion of the sale, the executive vice president now owns 52,126 shares in the company, valued at $5,526,919.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.64% of the stock is owned by insiders.

OSK stock opened at $99.22 on Monday. The business's 50-day moving average is $92.70 and its two-hundred day moving average is $85.42. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 0.35 and a beta of 1.41. Oshkosh Co. has a fifty-two week low of $69.30 and a fifty-two week high of $106.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.03 and a current ratio of 1.81.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $1.57 by $1.12. Oshkosh had a net margin of 4.45% and a return on equity of 14.22%. The firm had revenue of $2.41 billion for the quarter, compared to analysts' expectations of $2.25 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The business's quarterly revenue was up 16.8% on a year-over-year basis. As a group, analysts forecast that Oshkosh Co. will post 8.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be paid a $0.41 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $1.64 annualized dividend and a dividend yield of 1.65%. Oshkosh's dividend payout ratio (DPR) is 27.11%.

Oshkosh Corporation designs, manufacture, and markets specialty trucks and access equipment vehicles worldwide. 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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