JPMorgan Chase & Co. Sells 469,247 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

JPMorgan Chase & Co. lowered its position in shares of Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 95.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,164 shares of the company's stock after selling 469,247 shares during the quarter. JPMorgan Chase & Co.'s holdings in Custom Truck One Source were worth $111,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CTOS. R Squared Ltd acquired a new position in Custom Truck One Source in the fourth quarter valued at about $39,000. KLP Kapitalforvaltning AS acquired a new position in Custom Truck One Source in the fourth quarter valued at about $56,000. Platform Technology Partners acquired a new position in Custom Truck One Source in the fourth quarter valued at about $66,000. Intech Investment Management LLC raised its stake in Custom Truck One Source by 52.4% in the fourth quarter. Intech Investment Management LLC now owns 24,747 shares of the company's stock valued at $119,000 after purchasing an additional 8,514 shares in the last quarter. Finally, Stoneridge Investment Partners LLC raised its stake in Custom Truck One Source by 22.0% in the fourth quarter. Stoneridge Investment Partners LLC now owns 30,335 shares of the company's stock valued at $146,000 after purchasing an additional 5,478 shares in the last quarter. Institutional investors and hedge funds own 90.07% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Robert W. Baird downgraded 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. Baird R W downgraded Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 28th. 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 note on Wednesday, April 9th. Finally, Oppenheimer lifted their target price on 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $5.25.

Custom Truck One Source Price Performance

Custom Truck One Source stock traded up $0.03 during midday trading on Friday, reaching $4.30. The company's stock had a trading volume of 906,149 shares, compared to its average volume of 692,219. Custom Truck One Source, Inc. has a 52 week low of $3.03 and a 52 week 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 business has a 50-day moving average price of $4.22 and a 200-day moving average price of $4.69. The stock has a market cap of $970.30 million, a PE ratio of -26.88 and a beta of 1.18.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last released its 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 net margin of 2.22% and a negative return on equity of 4.57%. The business had revenue of $422.23 million during the quarter, compared to the consensus estimate of $435.19 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The business's revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts predict 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).