Dimensional Fund Advisors LP Purchases 73,213 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

Dimensional Fund Advisors LP lifted its position in shares of Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,778,062 shares of the company's stock after purchasing an additional 73,213 shares during the period. Dimensional Fund Advisors LP owned 1.19% of Custom Truck One Source worth $13,362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners bought a new position in Custom Truck One Source in the 4th quarter worth about $18,268,000. Russell Investments Group Ltd. boosted its position in shares of Custom Truck One Source by 216,379.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,511,025 shares of the company's stock valued at $7,268,000 after acquiring an additional 1,510,327 shares during the period. Portolan Capital Management LLC grew its stake in Custom Truck One Source by 152.8% during the fourth quarter. Portolan Capital Management LLC now owns 1,451,573 shares of the company's stock valued at $6,982,000 after acquiring an additional 877,273 shares in the last quarter. Vanguard Group Inc. increased its holdings in Custom Truck One Source by 17.9% during the 4th quarter. Vanguard Group Inc. now owns 3,903,855 shares of the company's stock worth $18,778,000 after acquiring an additional 592,571 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Custom Truck One Source by 939.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 492,411 shares of the company's stock worth $1,699,000 after acquiring an additional 445,038 shares during the period. Hedge funds and other institutional investors own 90.07% of the company's stock.

Analyst Upgrades and Downgrades

CTOS has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price target on Custom Truck One Source from $5.50 to $5.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Robert W. Baird cut shares of Custom Truck One Source from an "outperform" rating to a "neutral" rating and set a $5.00 price target for the company. in a research note on Monday, April 28th. Oppenheimer raised their price objective on shares of Custom Truck One Source from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. Finally, Baird R W lowered Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. Four research 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 currently has a consensus rating of "Hold" and an average target price of $5.25.

Custom Truck One Source Trading Down 1.4%

NYSE CTOS traded down $0.07 during trading on Thursday, hitting $4.62. 104,245 shares of the company's stock traded hands, compared to its average volume of 688,938. The stock has a fifty day moving average of $4.21 and a two-hundred day moving average of $4.70. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19. Custom Truck One Source, Inc. has a 12-month low of $3.03 and a 12-month high of $6.11. The firm has a market cap of $1.04 billion, a P/E ratio of -28.84 and a beta of 1.18.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.01). Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The business had revenue of $422.23 million for the quarter, compared to analysts' expectations of $435.19 million. During the same period last year, the firm posted ($0.06) earnings per share. Custom Truck One Source's quarterly revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect 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).