Alyeska Investment Group L.P. Sells 95,866 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

Alyeska Investment Group L.P. trimmed its position in shares of Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,957,030 shares of the company's stock after selling 95,866 shares during the period. Alyeska Investment Group L.P. owned approximately 0.84% of Custom Truck One Source worth $9,413,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its position in shares of Custom Truck One Source by 105.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,407,782 shares of the company's stock worth $35,632,000 after acquiring an additional 3,796,138 shares during the last quarter. Canvas Wealth Advisors LLC increased its stake in shares of Custom Truck One Source by 8.0% in the fourth quarter. Canvas Wealth Advisors LLC now owns 4,108,354 shares of the company's stock worth $19,761,000 after buying an additional 303,744 shares during the last quarter. Vanguard Group Inc. raised its holdings in Custom Truck One Source by 17.9% in the fourth quarter. Vanguard Group Inc. now owns 3,903,855 shares of the company's stock valued at $18,778,000 after acquiring an additional 592,571 shares in the last quarter. Boston Partners bought a new stake in shares of Custom Truck One Source in the 4th quarter worth about $18,268,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Custom Truck One Source by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,778,062 shares of the company's stock worth $13,362,000 after purchasing an additional 73,213 shares during the last quarter. Institutional investors and hedge funds own 90.07% of the company's stock.

Wall Street Analysts Forecast Growth

CTOS has been the topic of several research reports. Robert W. Baird cut Custom Truck One Source from an "outperform" rating to a "neutral" rating and set a $5.00 price objective on the stock. in a research note on Monday, April 28th. Stifel Nicolaus reduced their price objective on Custom Truck One Source from $5.50 to $5.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Oppenheimer boosted their target price on shares of Custom Truck One Source from $5.00 to $6.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Finally, Baird R W downgraded shares of Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.25.

Custom Truck One Source Stock Performance

CTOS stock traded up $0.03 during mid-day trading on Friday, reaching $4.30. The company had a trading volume of 906,149 shares, compared to its average volume of 692,219. The stock's 50-day simple moving average is $4.22 and its two-hundred day simple moving average is $4.68. The stock has a market capitalization of $970.30 million, a P/E ratio of -26.88 and a beta of 1.18. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87. Custom Truck One Source, Inc. has a one year low of $3.03 and a one year high of $6.11.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.01). Custom Truck One Source had a negative return on equity of 4.57% and a negative net margin of 2.22%. The company had revenue of $422.23 million during the quarter, compared to analyst estimates of $435.19 million. During the same period in the previous year, the company earned ($0.06) EPS. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts anticipate that Custom Truck One Source, Inc. will post -0.21 EPS for the current year.

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).