GSA Capital Partners LLP Decreases Holdings in Custom Truck One Source, Inc. (NYSE:CTOS)

GSA Capital Partners LLP lowered its holdings in Custom Truck One Source, Inc. (NYSE:CTOS) by 36.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 277,545 shares of the company’s stock after selling 160,574 shares during the quarter. GSA Capital Partners LLP owned about 0.12% of Custom Truck One Source worth $958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC acquired a new stake in Custom Truck One Source during the second quarter worth approximately $1,328,000. Maven Securities LTD acquired a new stake in Custom Truck One Source during the 2nd quarter worth $2,175,000. Allspring Global Investments Holdings LLC lifted its position in Custom Truck One Source by 190.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,934,780 shares of the company’s stock valued at $21,466,000 after acquiring an additional 3,234,586 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Custom Truck One Source by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,246,060 shares of the company’s stock valued at $9,770,000 after acquiring an additional 410,895 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new position in shares of Custom Truck One Source during the first quarter worth about $68,000. Institutional investors and hedge funds own 90.07% of the company’s stock.

Custom Truck One Source Stock Down 0.2 %

CTOS stock opened at $5.09 on Friday. Custom Truck One Source, Inc. has a 12 month low of $3.03 and a 12 month high of $7.00. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -31.81 and a beta of 0.61. The company has a fifty day moving average price of $3.77 and a 200 day moving average price of $4.22.

Custom Truck One Source (NYSE:CTOS) last announced its earnings results on Wednesday, October 30th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The business had revenue of $447.22 million for the quarter, compared to analyst estimates of $448.46 million. Custom Truck One Source had a negative return on equity of 4.57% and a negative net margin of 2.22%. Custom Truck One Source’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted $0.04 EPS. Sell-side analysts expect that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current year.

Insider Buying and Selling at Custom Truck One Source

In other news, Director Energy Capital Partners Manage sold 18,640 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $4.17, for a total value of $77,728.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $3.42, for a total value of $8,051,052.78. Following the completion of the transaction, the insider now owns 23,384,879 shares of the company’s stock, valued at $79,976,286.18. The trade was a 9.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Oppenheimer reduced their target price on Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Custom Truck One Source currently has an average rating of “Moderate Buy” and an average price target of $5.63.

Custom Truck One Source Company Profile

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).