Custom Truck One Source, Inc. (NYSE:CTOS) Position Increased by GSA Capital Partners LLP

GSA Capital Partners LLP grew its holdings in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 48.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 285,810 shares of the company’s stock after purchasing an additional 93,267 shares during the period. GSA Capital Partners LLP’s holdings in Custom Truck One Source were worth $1,663,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Canvas Wealth Advisors LLC raised its stake in Custom Truck One Source by 2.2% during the first quarter. Canvas Wealth Advisors LLC now owns 3,487,228 shares of the company’s stock worth $20,296,000 after acquiring an additional 73,986 shares during the period. Register Financial Advisors LLC raised its position in shares of Custom Truck One Source by 410.8% during the 1st quarter. Register Financial Advisors LLC now owns 179,300 shares of the company’s stock worth $1,044,000 after purchasing an additional 144,200 shares during the period. Quadrature Capital Ltd raised its position in shares of Custom Truck One Source by 9.7% during the 4th quarter. Quadrature Capital Ltd now owns 29,875 shares of the company’s stock worth $184,000 after purchasing an additional 2,636 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Custom Truck One Source by 851.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 16,011 shares of the company’s stock worth $99,000 after purchasing an additional 14,328 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in Custom Truck One Source by 3.9% during the 4th quarter. Clearbridge Investments LLC now owns 1,878,893 shares of the company’s stock valued at $11,612,000 after purchasing an additional 70,005 shares during the period. 90.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CTOS has been the topic of several analyst reports. Oppenheimer dropped their target price on Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Robert W. Baird lowered their price target on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Stifel Nicolaus started coverage on shares of Custom Truck One Source in a research report on Friday, June 14th. They issued a “hold” rating and a $5.50 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their target price on shares of Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.42.

Custom Truck One Source Price Performance

CTOS stock traded up $0.09 during trading on Wednesday, hitting $4.19. The company had a trading volume of 162,815 shares, compared to its average volume of 581,355. The business has a 50 day moving average of $4.49 and a 200 day moving average of $5.51. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 41.15 and a beta of 0.70. The company has a current ratio of 1.34, a quick ratio of 0.22 and a debt-to-equity ratio of 1.66. Custom Truck One Source, Inc. has a fifty-two week low of $3.61 and a fifty-two week high of $7.53.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). Custom Truck One Source had a return on equity of 2.48% and a net margin of 1.24%. The company had revenue of $411.31 million during the quarter, compared to analyst estimates of $455.98 million. During the same period in the prior year, the company posted $0.06 earnings per share. The company’s revenue was down 9.0% on a year-over-year basis. As a group, research analysts predict that Custom Truck One Source, Inc. will post 0.15 earnings per share for the current year.

Insider Buying and Selling at Custom Truck One Source

In other news, Director Marshall Heinberg acquired 40,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were bought at an average price of $4.07 per share, with a total value of $162,800.00. Following the purchase, the director now owns 293,856 shares of the company’s stock, valued at $1,195,993.92. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Custom Truck One Source news, CEO Ryan Mcmonagle purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $4.04 per share, for a total transaction of $40,400.00. Following the completion of the transaction, the chief executive officer now owns 496,587 shares in the company, valued at approximately $2,006,211.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marshall Heinberg acquired 40,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were bought at an average price of $4.07 per share, with a total value of $162,800.00. Following the transaction, the director now directly owns 293,856 shares in the company, valued at approximately $1,195,993.92. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 73,000 shares of company stock valued at $293,560. 5.60% of the stock is owned by corporate insiders.

About Custom Truck One Source

Custom Truck One Source, Inc provides specialty equipment rental and sale services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).