Gilder Gagnon Howe & Co. LLC Lowers Stock Holdings in Custom Truck One Source, Inc. (NYSE:CTOS)

Gilder Gagnon Howe & Co. LLC cut its stake in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 29.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 932,349 shares of the company's stock after selling 396,209 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 0.40% of Custom Truck One Source worth $4,485,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CTOS. Jane Street Group LLC grew its holdings in Custom Truck One Source by 4.9% in the third quarter. Jane Street Group LLC now owns 89,432 shares of the company's stock worth $309,000 after purchasing an additional 4,155 shares during the last quarter. Barclays PLC grew its stake in Custom Truck One Source by 349.6% during the 3rd quarter. Barclays PLC now owns 84,526 shares of the company's stock worth $291,000 after buying an additional 65,725 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Custom Truck One Source by 939.4% in the third quarter. JPMorgan Chase & Co. now owns 492,411 shares of the company's stock valued at $1,699,000 after buying an additional 445,038 shares during the last quarter. SG Americas Securities LLC raised its stake in Custom Truck One Source by 69.4% in the fourth quarter. SG Americas Securities LLC now owns 31,523 shares of the company's stock valued at $152,000 after buying an additional 12,913 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Custom Truck One Source in the fourth quarter worth about $39,000. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

Custom Truck One Source Stock Performance

NYSE CTOS traded down $0.12 on Thursday, reaching $3.91. 954,831 shares of the company's stock traded hands, compared to its average volume of 706,640. Custom Truck One Source, Inc. has a fifty-two week low of $3.03 and a fifty-two week high of $6.11. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.19 and a current ratio of 1.28. The firm has a market cap of $883.20 million, a price-to-earnings ratio of -24.46 and a beta of 0.83. The stock has a 50 day moving average price of $4.25 and a 200-day moving average price of $4.63.

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

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of 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 downgraded shares of Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a research note on Monday. Robert W. Baird downgraded Custom Truck One Source from an "outperform" rating to a "neutral" rating and set a $5.00 target price on the stock. in a research report on Monday. Finally, Oppenheimer lifted their price target on Custom Truck One Source from $5.00 to $6.00 and gave the stock an "outperform" rating in a research report on Thursday, March 6th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $5.25.

Custom Truck One Source Company 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).