GSA Capital Partners LLP Has $1.88 Million Position in Custom Truck One Source, Inc. (NYSE:CTOS)

Key Points

• GSA Capital Partners LLP increased its stake in Custom Truck One Source by 141.8% during the first quarter, holding approximately 0.20% of the company with a value of $1.88 million.
• Custom Truck One Source reported a loss of ($0.08) per share for the quarter, missing analyst expectations, while revenue grew by 2.7% year-over-year to $422.23 million.
• Institutional investors own 90.07% of Custom Truck One Source, with notable increases in holdings by T. Rowe Price and Russell Investments during the fourth quarter.

GSA Capital Partners LLP grew its position in shares of Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 141.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 445,610 shares of the company's stock after buying an additional 261,328 shares during the quarter. GSA Capital Partners LLP owned approximately 0.20% of Custom Truck One Source worth $1,880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its position in 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 acquiring an additional 3,796,138 shares in the last quarter. Russell Investments Group Ltd. increased its position in Custom Truck One Source by 216,379.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,511,025 shares of the company's stock valued at $7,268,000 after acquiring an additional 1,510,327 shares in the last quarter. Portolan Capital Management LLC increased its position in Custom Truck One Source by 152.8% in the 4th 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 in the last quarter. Bank of America Corp DE increased 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 valued at $6,311,000 after acquiring an additional 691,863 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Custom Truck One Source by 17.9% in the 4th quarter. Vanguard Group Inc. now owns 3,903,855 shares of the company's stock valued at $18,778,000 after acquiring an additional 592,571 shares in the last quarter. 90.07% of the stock is owned by institutional investors.

Custom Truck One Source Trading Up 0.6%

Shares of NYSE:CTOS traded up $0.04 during trading on Friday, hitting $6.23. 1,092,022 shares of the company's stock were exchanged, compared to its average volume of 745,006. Custom Truck One Source, Inc. has a 1-year low of $3.03 and a 1-year high of $6.64. The firm has a 50-day moving average price of $5.03 and a two-hundred day moving average price of $4.69. The company has a current ratio of 1.29, a quick ratio of 0.24 and a debt-to-equity ratio of 1.96. The firm has a market cap of $1.40 billion, a P/E ratio of -38.78 and a beta of 1.18.

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 analysts' consensus estimates of ($0.05) by ($0.08). The company had revenue of $511.48 million during the quarter, compared to the consensus estimate of $460.73 million. Custom Truck One Source had a negative net margin of 1.89% and a negative return on equity of 6.52%. The business's revenue was up 20.9% compared to the same quarter last year. During the same period last year, the company earned ($0.10) earnings per share. Equities analysts predict that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CTOS. Baird R W downgraded 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 target on shares of Custom Truck One Source and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Finally, Robert W. Baird cut shares of Custom Truck One Source from an "outperform" rating to a "neutral" rating and set a $5.00 price target for the company. in a research report on Monday, April 28th.

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).