MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Holdings in Custom Truck One Source, Inc. (NYSE:CTOS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,659,904 shares of the company's stock after buying an additional 254,228 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.57% of Custom Truck One Source worth $17,604,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CTOS. Cetera Investment Advisers lifted its stake in Custom Truck One Source by 160.7% in the 4th quarter. Cetera Investment Advisers now owns 26,659 shares of the company's stock worth $128,000 after purchasing an additional 16,432 shares in the last quarter. Bank of America Corp DE lifted its stake in Custom Truck One Source by 111.6% in the 4th quarter. Bank of America Corp DE now owns 1,312,083 shares of the company's stock worth $6,311,000 after purchasing an additional 691,863 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Custom Truck One Source in the 4th quarter worth approximately $29,000. Nebula Research & Development LLC lifted its stake in Custom Truck One Source by 15.9% in the 4th quarter. Nebula Research & Development LLC now owns 50,015 shares of the company's stock worth $241,000 after purchasing an additional 6,848 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Custom Truck One Source by 18.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,394 shares of the company's stock worth $94,000 after purchasing an additional 2,999 shares in the last quarter. 90.07% of the stock is currently owned by institutional investors and hedge funds.

Custom Truck One Source Trading Down 1.9%

Custom Truck One Source stock traded down $0.09 during trading on Wednesday, hitting $4.48. The company had a trading volume of 31,511 shares, compared to its average volume of 681,812. Custom Truck One Source, Inc. has a 1-year low of $3.03 and a 1-year high of $6.11. The company has a current ratio of 1.28, a quick ratio of 0.19 and a debt-to-equity ratio of 1.87. The company's 50 day simple moving average is $4.20 and its 200-day simple moving average is $4.72. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -27.91 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 for the quarter, missing the consensus estimate of ($0.07) by ($0.01). The company had revenue of $422.23 million during the quarter, compared to analyst estimates of $435.19 million. Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) EPS. As a group, analysts expect that Custom Truck One Source, Inc. will post -0.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CTOS. Stifel Nicolaus reduced their price target on shares of 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. Baird R W lowered shares of Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. Oppenheimer lifted their price target 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, 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 report on Monday, April 28th. Four 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, the company presently has a consensus rating of "Hold" and a consensus target price of $5.25.

Custom Truck One Source 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).