Black Diamond Financial LLC Sells 759,637 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

Black Diamond Financial LLC cut its position in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 75.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 252,610 shares of the company's stock after selling 759,637 shares during the quarter. Black Diamond Financial LLC owned about 0.11% of Custom Truck One Source worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CTOS. CWA Asset Management Group LLC purchased a new position in Custom Truck One Source in the 1st quarter worth $68,000. Allspring Global Investments Holdings LLC raised its position in Custom Truck One Source by 2.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,307,058 shares of the company's stock worth $18,090,000 after purchasing an additional 93,090 shares during the period. Bank of America Corp DE raised its position in Custom Truck One Source by 111.6% in the 4th quarter. Bank of America Corp DE now owns 1,312,083 shares of the company's stock worth $6,311,000 after purchasing an additional 691,863 shares during the period. Boston Partners purchased a new position in Custom Truck One Source in the 4th quarter worth $18,268,000. Finally, Canvas Wealth Advisors LLC raised its position in Custom Truck One Source by 8.8% in the 1st quarter. Canvas Wealth Advisors LLC now owns 4,468,342 shares of the company's stock worth $17,158,000 after purchasing an additional 359,988 shares during the period. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CTOS. Robert W. Baird lowered shares of 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, April 28th. Baird R W lowered shares of Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. Finally, 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 report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Custom Truck One Source has an average rating of "Hold" and a consensus target price of $5.25.

Custom Truck One Source Trading Up 1.6%

Shares of CTOS traded up $0.08 during trading hours on Tuesday, reaching $5.09. 560,022 shares of the company traded hands, compared to its average volume of 675,764. The company's fifty day moving average price is $4.58 and its two-hundred day moving average price is $4.58. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -39.15 and a beta of 1.18. The company has a quick ratio of 0.24, a current ratio of 1.29 and a debt-to-equity ratio of 1.96. Custom Truck One Source, Inc. has a 12 month low of $3.03 and a 12 month high of $6.11.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last posted its quarterly earnings data 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 6.02% and a negative net margin of 1.77%. The business had revenue of $422.23 million for the quarter, compared to the consensus estimate of $435.19 million. During the same period in the previous year, the firm earned ($0.06) EPS. The company's revenue was up 2.7% on a year-over-year basis. Equities research analysts predict 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).