Boston Partners Lowers Stake in Custom Truck One Source, Inc. $CTOS

Key Points

• Boston Partners reduced its stake in Custom Truck One Source by 16.5%, selling 627,715 shares in the first quarter, bringing their total ownership to 3,168,709 shares.
• In the fourth quarter, T. Rowe Price and Bank of America increased their positions in Custom Truck One Source by over 100%, reflecting growing institutional interest in the company.
• Custom Truck One Source reported a revenue increase of 20.9% year-over-year, with quarterly earnings showing a missed estimate of EPS by ($0.08).

Boston Partners lessened its holdings in shares of Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 16.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,168,709 shares of the company's stock after selling 627,715 shares during the period. Boston Partners owned 1.40% of Custom Truck One Source worth $13,369,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Nuveen LLC purchased a new stake in Custom Truck One Source during the 1st quarter valued at about $699,000. Invesco Ltd. grew its stake in shares of Custom Truck One Source by 12.8% in the 1st quarter. Invesco Ltd. now owns 110,816 shares of the company's stock valued at $468,000 after buying an additional 12,617 shares during the period. Swiss National Bank grew its stake in shares of Custom Truck One Source by 15.6% in the 1st quarter. Swiss National Bank now owns 135,700 shares of the company's stock valued at $573,000 after buying an additional 18,300 shares during the period. GSA Capital Partners LLP grew its stake in shares of Custom Truck One Source by 141.8% in the 1st quarter. GSA Capital Partners LLP now owns 445,610 shares of the company's stock valued at $1,880,000 after buying an additional 261,328 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of Custom Truck One Source by 118.8% in the 1st quarter. Cetera Investment Advisers now owns 58,343 shares of the company's stock valued at $246,000 after buying an additional 31,684 shares during the period. Hedge funds and other institutional investors own 90.07% of the company's stock.

Custom Truck One Source Stock Down 4.7%

Shares of CTOS traded down $0.2850 during midday trading on Wednesday, reaching $5.7450. The stock had a trading volume of 245,420 shares, compared to its average volume of 743,061. Custom Truck One Source, Inc. has a 1-year low of $3.03 and a 1-year high of $6.64. The company's fifty day simple moving average is $5.42 and its two-hundred day simple moving average is $4.77. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -35.91 and a beta of 1.27. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.26 and a quick ratio of 0.23.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.08). Custom Truck One Source had a negative return on equity of 6.61% and a negative net margin of 1.89%.The company had revenue of $511.48 million for the quarter, compared to analyst estimates of $460.73 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. Custom Truck One Source's revenue was up 20.9% compared to the same quarter last year. Custom Truck One Source has set its FY 2025 guidance at EPS. Equities research analysts expect that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $5.50 price target (down previously from $6.00) on shares of Custom Truck One Source in a research note on Wednesday. Robert W. Baird cut 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. Baird R W cut shares of Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. Stifel Nicolaus set a $7.00 price objective on shares of Custom Truck One Source and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Finally, Oppenheimer set a $8.00 price objective on shares of Custom Truck One Source and gave the stock an "outperform" rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $6.38.

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).