Custom Truck One Source, Inc. (NYSE:CTOS) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 95.3% during the fourth quarter, according to the company in its most recent 13F filing 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 filing with the SEC.

Several other large investors have also modified their holdings of CTOS. EntryPoint Capital LLC lifted its holdings in Custom Truck One Source by 40.1% during the 4th quarter. EntryPoint Capital LLC now owns 35,369 shares of the company's stock worth $170,000 after buying an additional 10,125 shares during the last quarter. Vanguard Group Inc. lifted its stake in Custom Truck One Source by 17.9% during the fourth quarter. Vanguard Group Inc. now owns 3,903,855 shares of the company's stock worth $18,778,000 after purchasing an additional 592,571 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Custom Truck One Source in the fourth quarter worth $56,000. Boston Partners bought a new stake in Custom Truck One Source during the fourth quarter valued at $18,268,000. Finally, Intech Investment Management LLC raised its holdings in shares of Custom Truck One Source by 52.4% during the fourth quarter. Intech Investment Management LLC now owns 24,747 shares of the company's stock worth $119,000 after purchasing an additional 8,514 shares during the period. Institutional investors own 90.07% of the company's stock.

Wall Street Analysts Forecast Growth

CTOS has been the subject of a number of recent research reports. 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. Robert W. Baird cut 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. Stifel Nicolaus reduced their price objective 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. Finally, Oppenheimer increased their target price on Custom Truck One Source from $5.00 to $6.00 and gave the stock an "outperform" rating in a research report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $5.25.

Custom Truck One Source Stock Performance

Shares of NYSE CTOS opened at $4.19 on Tuesday. Custom Truck One Source, Inc. has a 12-month low of $3.03 and a 12-month 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 has a market cap of $944.35 million, a PE ratio of -26.16 and a beta of 1.18. The stock has a 50 day simple moving average of $4.23 and a 200-day simple moving average of $4.66.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last released its quarterly 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 return on equity of 4.57% and a negative net margin of 2.22%. The business had revenue of $422.23 million during the quarter, compared to the consensus estimate of $435.19 million. During the same period in the previous year, the company posted ($0.06) EPS. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast 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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