Jane Street Group LLC Sells 77,154 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

Jane Street Group LLC trimmed its position in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 86.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,278 shares of the company's stock after selling 77,154 shares during the quarter. Jane Street Group LLC's holdings in Custom Truck One Source were worth $59,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in Custom Truck One Source by 18.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,394 shares of the company's stock worth $94,000 after acquiring an additional 2,999 shares during the period. Barclays PLC grew its position in shares of Custom Truck One Source by 5.8% during the 4th quarter. Barclays PLC now owns 89,436 shares of the company's stock valued at $430,000 after purchasing an additional 4,910 shares in the last quarter. Stoneridge Investment Partners LLC increased its holdings in shares of Custom Truck One Source by 22.0% in the fourth quarter. Stoneridge Investment Partners LLC now owns 30,335 shares of the company's stock worth $146,000 after purchasing an additional 5,478 shares during the period. Nebula Research & Development LLC increased its holdings in shares of Custom Truck One Source by 15.9% in the fourth quarter. Nebula Research & Development LLC now owns 50,015 shares of the company's stock worth $241,000 after purchasing an additional 6,848 shares during the period. Finally, Intech Investment Management LLC raised its position in shares of Custom Truck One Source by 52.4% in the fourth quarter. Intech Investment Management LLC now owns 24,747 shares of the company's stock worth $119,000 after buying an additional 8,514 shares in the last quarter. 90.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CTOS shares. Stifel Nicolaus decreased their target price on Custom Truck One Source from $5.50 to $5.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Oppenheimer boosted their price objective on Custom Truck One Source from $5.00 to $6.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. 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 on the stock. in a research report on Monday, April 28th. Finally, Baird R W downgraded shares of Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 28th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Custom Truck One Source has an average rating of "Hold" and an average price target of $5.25.

Custom Truck One Source Trading Up 3.0%

NYSE CTOS opened at $4.67 on Monday. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87. The stock's 50-day simple moving average is $4.12 and its two-hundred day simple moving average is $4.67. Custom Truck One Source, Inc. has a twelve month low of $3.03 and a twelve month high of $6.11. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -29.16 and a beta of 1.18.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.01). The firm had revenue of $422.23 million for the quarter, compared to analysts' expectations of $435.19 million. Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) earnings per share. Research analysts forecast that Custom Truck One Source, Inc. will post -0.21 EPS for the current fiscal year.

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).

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