Custom Truck One Source, Inc. (NYSE:CTOS) Shares Sold by Paloma Partners Management Co

Paloma Partners Management Co decreased its stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 33.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,000 shares of the company's stock after selling 86,146 shares during the quarter. Paloma Partners Management Co owned about 0.07% of Custom Truck One Source worth $818,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Nebula Research & Development LLC increased its position in Custom Truck One Source by 15.9% in the fourth quarter. Nebula Research & Development LLC now owns 50,015 shares of the company's stock worth $241,000 after buying an additional 6,848 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Custom Truck One Source by 18.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,394 shares of the company's stock worth $94,000 after acquiring an additional 2,999 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Custom Truck One Source by 105.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,407,782 shares of the company's stock valued at $35,632,000 after purchasing an additional 3,796,138 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Custom Truck One Source by 160.6% in the fourth quarter. MetLife Investment Management LLC now owns 31,301 shares of the company's stock worth $151,000 after purchasing an additional 19,289 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Custom Truck One Source by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,778,062 shares of the company's stock valued at $13,362,000 after purchasing an additional 73,213 shares during the period. Institutional investors own 90.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CTOS. 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 report on Monday. Stifel Nicolaus cut their price objective on shares of Custom Truck One Source from $5.50 to $5.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Baird R W downgraded shares of Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, 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 report on Thursday, March 6th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $5.25.

Custom Truck One Source Stock Up 4.9 %

Custom Truck One Source stock traded up $0.19 during mid-day trading on Friday, reaching $4.10. 1,004,936 shares of the company were exchanged, compared to its average volume of 707,887. Custom Truck One Source, Inc. has a 12-month low of $3.03 and a 12-month high of $6.11. The business has a fifty day moving average of $4.24 and a 200 day moving average of $4.63. The firm has a market cap of $925.17 million, a P/E ratio of -25.63 and a beta of 0.83. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.19 and a current ratio of 1.28.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.01). The firm had revenue of $422.23 million for the quarter, compared to analysts' expectations 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 business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) earnings per share. Research analysts anticipate that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current fiscal 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).