Russell Investments Group Ltd. Has $4.10 Million Stock Position in Custom Truck One Source, Inc. $CTOS

Key Points

• Russell Investments Group Ltd. reduced its stake in Custom Truck One Source by 35.7%, selling 539,741 shares and now holding approximately 0.43% of the company valued at $4.1 million.
• Analysts have mixed opinions on Custom Truck One Source, with new price targets ranging from $5.00 to $8.00 and an average rating of "Hold".
• The company reported a 20.9% year-over-year revenue growth despite a loss of ($0.13) EPS, missing the consensus estimate by ($0.08).

Russell Investments Group Ltd. cut its stake in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 35.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 971,284 shares of the company's stock after selling 539,741 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.43% of Custom Truck One Source worth $4,099,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. CWA Asset Management Group LLC acquired a new stake in Custom Truck One Source during the first quarter valued at approximately $68,000. Allspring Global Investments Holdings LLC lifted its holdings in Custom Truck One Source by 2.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,307,058 shares of the company's stock worth $18,090,000 after buying an additional 93,090 shares in the last quarter. Bank of America Corp DE raised its position in shares of Custom Truck One Source by 111.6% during 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 during the last quarter. Canvas Wealth Advisors LLC raised its position in shares of Custom Truck One Source by 8.8% during the 1st quarter. Canvas Wealth Advisors LLC now owns 4,468,342 shares of the company's stock valued at $17,158,000 after acquiring an additional 359,988 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Custom Truck One Source by 141.8% during the 1st quarter. GSA Capital Partners LLP now owns 445,610 shares of the company's stock valued at $1,880,000 after acquiring an additional 261,328 shares during the last quarter. 90.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $5.50 target price (down from $6.00) on shares of Custom Truck One Source in a research note on Wednesday, August 20th. Oppenheimer set a $8.00 target price on Custom Truck One Source and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, Stifel Nicolaus set a $7.00 target price on Custom Truck One Source and gave the company a "buy" rating in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $6.38.

Custom Truck One Source Stock Up 2.0%

Shares of Custom Truck One Source stock traded up $0.12 during trading hours on Thursday, reaching $6.11. 677,276 shares of the company's stock were exchanged, compared to its average volume of 743,515. The company has a 50 day moving average of $5.59 and a two-hundred day moving average of $4.81. Custom Truck One Source, Inc. has a fifty-two week low of $3.03 and a fifty-two week high of $6.64. The company has a current ratio of 1.26, a quick ratio of 0.23 and a debt-to-equity ratio of 2.01. The stock has a market cap of $1.38 billion, a P/E ratio of -38.18 and a beta of 1.27.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates 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 business 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 company earned ($0.10) earnings per share. The company's quarterly revenue was up 20.9% on a year-over-year basis. Custom Truck One Source has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Custom Truck One Source, Inc. will post -0.21 EPS for the current fiscal year.

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).