Allspring Global Investments Holdings LLC Sells 460,926 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

Allspring Global Investments Holdings LLC lowered its position in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,873,017 shares of the company's stock after selling 460,926 shares during the period. Allspring Global Investments Holdings LLC owned 0.77% of Custom Truck One Source worth $11,575,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CTOS. Canvas Wealth Advisors LLC raised its stake in shares of Custom Truck One Source by 4.8% in the fourth quarter. Canvas Wealth Advisors LLC now owns 3,413,242 shares of the company's stock worth $21,299,000 after purchasing an additional 156,010 shares during the last quarter. Register Financial Advisors LLC raised its stake in shares of Custom Truck One Source by 602.0% in the fourth quarter. Register Financial Advisors LLC now owns 35,100 shares of the company's stock worth $217,000 after purchasing an additional 30,100 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Custom Truck One Source by 1.6% in the third quarter. Vanguard Group Inc. now owns 3,251,103 shares of the company's stock worth $20,157,000 after purchasing an additional 52,437 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Custom Truck One Source by 330.2% in the fourth quarter. SG Americas Securities LLC now owns 84,169 shares of the company's stock worth $520,000 after purchasing an additional 64,606 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Custom Truck One Source in the third quarter worth approximately $169,000. Institutional investors own 90.07% of the company's stock.

Custom Truck One Source Stock Performance

Shares of CTOS traded down $0.19 on Tuesday, reaching $5.33. 567,425 shares of the company's stock traded hands, compared to its average volume of 502,195. The company has a current ratio of 1.41, a quick ratio of 0.31 and a debt-to-equity ratio of 1.62. The stock has a market cap of $1.28 billion, a PE ratio of 24.82, a PEG ratio of 1.07 and a beta of 0.66. The stock's 50 day simple moving average is $6.07 and its two-hundred day simple moving average is $6.04. Custom Truck One Source, Inc. has a 52-week low of $4.41 and a 52-week high of $7.53.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.04). The business had revenue of $521.75 million for the quarter, compared to analysts' expectations of $468.69 million. Custom Truck One Source had a net margin of 2.72% and a return on equity of 5.55%. The business's revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 earnings per share. On average, analysts forecast that Custom Truck One Source, Inc. will post 0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, TheStreet raised Custom Truck One Source from a "d" rating to a "c" rating in a research note on Wednesday, January 3rd. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Custom Truck One Source presently has a consensus rating of "Moderate Buy" and an average target price of $8.50.

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).