Custom Truck One Source, Inc. (NYSE:CTOS) Shares Sold by ECP ControlCo LLC

ECP ControlCo LLC reduced its position in shares of Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 30.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,287,270 shares of the company's stock after selling 7,097,609 shares during the quarter. Custom Truck One Source comprises 30.2% of ECP ControlCo LLC's holdings, making the stock its 2nd biggest position. ECP ControlCo LLC owned 6.98% of Custom Truck One Source worth $78,342,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Boston Partners acquired a new stake in Custom Truck One Source in the fourth quarter worth $18,268,000. T. Rowe Price Investment Management Inc. increased its position in shares of Custom Truck One Source by 105.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,407,782 shares of the company's stock valued at $35,632,000 after buying an additional 3,796,138 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Custom Truck One Source by 216,379.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,511,025 shares of the company's stock worth $7,268,000 after buying an additional 1,510,327 shares during the period. Portolan Capital Management LLC grew its stake in Custom Truck One Source by 152.8% in 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 during the period. Finally, Bank of America Corp DE increased its holdings in shares of Custom Truck One Source by 111.6% in the fourth quarter. Bank of America Corp DE now owns 1,312,083 shares of the company's stock worth $6,311,000 after acquiring an additional 691,863 shares in the last quarter. 90.07% of the stock is currently owned by institutional investors and hedge funds.

Custom Truck One Source Stock Up 3.3%

CTOS stock traded up $0.15 during mid-day trading on Monday, reaching $4.48. The company had a trading volume of 219,980 shares, compared to its average volume of 690,388. 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 debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19. The stock has a 50 day simple moving average of $4.22 and a two-hundred day simple moving average of $4.69. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -27.98 and a beta of 1.18.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last issued its 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). 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 for the quarter, compared to the consensus estimate of $435.19 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. The business's revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts predict that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CTOS shares. Baird R W cut Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. Stifel Nicolaus cut 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 note on Wednesday, April 9th. Robert W. Baird downgraded shares of Custom Truck One Source from an "outperform" rating to a "neutral" rating and set a $5.00 price objective for the company. in a research report on Monday, April 28th. Finally, Oppenheimer raised their price objective on shares of Custom Truck One Source from $5.00 to $6.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $5.25.

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).