Allspring Global Investments Holdings LLC Boosts Stake in Custom Truck One Source, Inc. (NYSE:CTOS)

Allspring Global Investments Holdings LLC raised its stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,307,058 shares of the company's stock after acquiring an additional 93,090 shares during the period. Allspring Global Investments Holdings LLC owned about 1.91% of Custom Truck One Source worth $18,090,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC lifted its position 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 valued at $119,000 after purchasing an additional 8,514 shares in the last quarter. Boston Partners purchased a new stake in shares of Custom Truck One Source during the 4th quarter valued at $18,268,000. KLP Kapitalforvaltning AS bought a new stake in shares of Custom Truck One Source during the 4th quarter worth $56,000. Vanguard Group Inc. lifted its stake in Custom Truck One Source by 17.9% in the fourth quarter. Vanguard Group Inc. now owns 3,903,855 shares of the company's stock valued at $18,778,000 after purchasing an additional 592,571 shares during the last quarter. Finally, EntryPoint Capital LLC increased its position in Custom Truck One Source by 40.1% in the fourth 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. 90.07% of the stock is owned by hedge funds and other institutional investors.

Custom Truck One Source Stock Performance

Shares of NYSE:CTOS traded up $0.14 during trading on Friday, hitting $5.14. 418,915 shares of the company were exchanged, compared to its average volume of 676,522. Custom Truck One Source, Inc. has a 52-week low of $3.03 and a 52-week high of $6.11. The stock has a 50 day moving average of $4.56 and a 200 day moving average of $4.58. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.29 and a quick ratio of 0.24. The company has a market cap of $1.16 billion, a PE ratio of -39.54 and a beta of 1.18.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last issued its quarterly earnings data 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 return on equity of 6.02% and a negative net margin of 1.77%. The company had revenue of $422.23 million for the quarter, compared to analysts' expectations of $435.19 million. During the same period last year, the company posted ($0.06) EPS. The business's revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that Custom Truck One Source, Inc. will post -0.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Baird R W cut Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. Stifel Nicolaus dropped their price objective on shares of Custom Truck One Source from $5.50 to $5.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, Robert W. Baird lowered shares of Custom Truck One Source from an "outperform" rating to a "neutral" rating and set a $5.00 target price for the company. in a research report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $5.25.

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).