First Trust Advisors LP Increases Stock Position in Custom Truck One Source, Inc. (NYSE:CTOS)

First Trust Advisors LP raised its holdings in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 36.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 964,571 shares of the company's stock after buying an additional 259,722 shares during the quarter. First Trust Advisors LP owned approximately 0.41% of Custom Truck One Source worth $4,640,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Custom Truck One Source in the fourth quarter valued at $39,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Custom Truck One Source during the 4th quarter valued at about $56,000. Platform Technology Partners acquired a new stake in shares of Custom Truck One Source during the fourth quarter worth approximately $66,000. Intech Investment Management LLC grew its holdings in Custom Truck One Source by 52.4% during the 4th quarter. Intech Investment Management LLC now owns 24,747 shares of the company's stock worth $119,000 after acquiring an additional 8,514 shares during the last quarter. Finally, Stoneridge Investment Partners LLC raised its position in shares of Custom Truck One Source by 22.0% during the fourth quarter. Stoneridge Investment Partners LLC now owns 30,335 shares of the company's stock worth $146,000 after acquiring an additional 5,478 shares during the last quarter. Hedge funds and other institutional investors own 90.07% of the company's stock.

Custom Truck One Source Stock Performance

CTOS stock traded down $0.01 during midday trading on Wednesday, hitting $4.13. The company's stock had a trading volume of 586,327 shares, compared to its average volume of 694,631. Custom Truck One Source, Inc. has a 1 year low of $3.03 and a 1 year high of $6.11. The stock's 50-day moving average price is $4.22 and its 200 day moving average price is $4.65. The stock has a market cap of $931.94 million, a price-to-earnings ratio of -25.81 and a beta of 1.18. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87.

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

Wall Street Analyst Weigh In

CTOS has been the subject of several research analyst reports. Stifel Nicolaus decreased their price objective on Custom Truck One Source from $5.50 to $5.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Baird R W cut Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. Oppenheimer lifted their target price on Custom Truck One Source from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. Finally, Robert W. Baird lowered Custom Truck One Source from an "outperform" rating to a "neutral" rating and set a $5.00 target price for the company. in a research report on Monday, April 28th. Four equities research 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 presently has an average rating of "Hold" and an average price target of $5.25.

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).