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

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

A number of other large investors also recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new stake in Custom Truck One Source during the 4th quarter valued at about $29,000. Teacher Retirement System of Texas bought a new stake in Custom Truck One Source during the 1st quarter valued at about $43,000. KLP Kapitalforvaltning AS bought a new stake in Custom Truck One Source during the 4th quarter valued at about $56,000. Two Sigma Investments LP bought a new stake in Custom Truck One Source during the 4th quarter valued at about $63,000. Finally, ProShare Advisors LLC bought a new stake in Custom Truck One Source during the 4th quarter valued at about $67,000. 90.07% of the stock is owned by hedge funds and other institutional investors.

Custom Truck One Source Stock Performance

Shares of CTOS stock traded down $0.05 during trading hours on Friday, reaching $5.16. The company had a trading volume of 512,799 shares, compared to its average volume of 673,001. The business has a fifty day moving average price of $4.67 and a 200-day moving average price of $4.59. Custom Truck One Source, Inc. has a one year low of $3.03 and a one year high of $6.11. The firm has a market cap of $1.16 billion, a PE ratio of -39.65 and a beta of 1.18. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.24 and a current ratio of 1.29.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.08) 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 during the quarter, compared to the consensus estimate of $435.19 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. The business's revenue was up 2.7% compared to the same quarter last year. Sell-side analysts predict that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on CTOS shares. Robert W. Baird lowered 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 note 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 research note on Monday, April 28th. Finally, Stifel Nicolaus reduced 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 research note on Wednesday, April 9th.

Custom Truck One Source 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).