Alyeska Investment Group L.P. Lowers Position in 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 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,957,030 shares of the company's stock after selling 95,866 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.84% of Custom Truck One Source worth $9,413,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Custom Truck One Source by 939.4% in the third quarter. JPMorgan Chase & Co. now owns 492,411 shares of the company's stock valued at $1,699,000 after buying an additional 445,038 shares in the last quarter. Canvas Wealth Advisors LLC increased its stake in shares of Custom Truck One Source by 8.0% in the 4th quarter. Canvas Wealth Advisors LLC now owns 4,108,354 shares of the company's stock valued at $19,761,000 after purchasing an additional 303,744 shares in the last quarter. Boston Partners acquired a new position in Custom Truck One Source in the 4th quarter worth about $18,268,000. Barclays PLC boosted its position in Custom Truck One Source by 349.6% during the third quarter. Barclays PLC now owns 84,526 shares of the company's stock worth $291,000 after purchasing an additional 65,725 shares in the last quarter. Finally, Heartland Advisors Inc. grew its holdings in Custom Truck One Source by 26.3% in the fourth quarter. Heartland Advisors Inc. now owns 1,200,000 shares of the company's stock valued at $5,772,000 after purchasing an additional 250,000 shares during the period. 90.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CTOS shares. Stifel Nicolaus decreased their target price on Custom Truck One Source from $5.50 to $5.00 and set a "hold" rating on the stock in a research report 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 stock an "outperform" rating in a research note on Thursday, March 6th. Robert W. Baird lowered shares of Custom Truck One Source from an "outperform" rating to a "neutral" rating and set a $5.00 price target on the stock. in a research note on Monday, April 28th. Finally, Baird R W cut Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.25.

Custom Truck One Source Stock Performance

Shares of Custom Truck One Source stock opened at $4.19 on Tuesday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.19 and a current ratio of 1.28. The business's 50 day moving average price is $4.23 and its 200 day moving average price is $4.66. The company has a market cap of $944.35 million, a price-to-earnings ratio of -26.16 and a beta of 1.18. 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 announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $422.23 million for the quarter, compared to analyst estimates of $435.19 million. During the same quarter in the prior year, the business earned ($0.06) EPS. The firm's quarterly revenue was up 2.7% on a year-over-year basis. On average, research analysts predict that Custom Truck One Source, Inc. will post -0.21 EPS for the current year.

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).

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