GSA Capital Partners LLP Raises Holdings in Custom Truck One Source, Inc. (NYSE:CTOS)

GSA Capital Partners LLP grew its stake in Custom Truck One Source, Inc. (NYSE:CTOS) by 48.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 285,810 shares of the company’s stock after buying an additional 93,267 shares during the quarter. GSA Capital Partners LLP owned 0.12% of Custom Truck One Source worth $1,663,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Arbor Wealth Advisors LLC acquired a new stake in Custom Truck One Source in the fourth quarter valued at $94,000. Tower Research Capital LLC TRC raised its position in shares of Custom Truck One Source by 851.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 16,011 shares of the company’s stock worth $99,000 after acquiring an additional 14,328 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Custom Truck One Source during the 3rd quarter worth about $169,000. M&T Bank Corp lifted its stake in Custom Truck One Source by 9.8% during the fourth quarter. M&T Bank Corp now owns 29,489 shares of the company’s stock worth $183,000 after purchasing an additional 2,627 shares during the last quarter. Finally, Register Financial Advisors LLC boosted its holdings in 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 valued at $217,000 after purchasing an additional 30,100 shares in the last quarter. 90.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CTOS shares. Robert W. Baird reduced their price objective on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Stifel Nicolaus started coverage on shares of Custom Truck One Source in a research report on Friday, June 14th. They issued a “hold” rating and a $5.50 price target for the company. JPMorgan Chase & Co. dropped their price objective on Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, Oppenheimer cut their target price on Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Custom Truck One Source has a consensus rating of “Moderate Buy” and an average target price of $7.42.

Custom Truck One Source Stock Performance

NYSE CTOS traded up $0.09 during trading on Wednesday, reaching $4.19. The company’s stock had a trading volume of 162,815 shares, compared to its average volume of 581,355. The business’s fifty day moving average price is $4.49 and its 200-day moving average price is $5.51. Custom Truck One Source, Inc. has a twelve month low of $3.61 and a twelve month high of $7.53. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.22 and a current ratio of 1.34. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 41.15 and a beta of 0.70.

Custom Truck One Source (NYSE:CTOS) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The company had revenue of $411.31 million for the quarter, compared to analysts’ expectations of $455.98 million. Custom Truck One Source had a return on equity of 2.48% and a net margin of 1.24%. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 EPS. As a group, analysts anticipate that Custom Truck One Source, Inc. will post 0.15 EPS for the current fiscal year.

Insider Activity

In related news, Director Marshall Heinberg purchased 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average cost of $4.07 per share, with a total value of $162,800.00. Following the completion of the acquisition, the director now directly owns 293,856 shares in the company, valued at $1,195,993.92. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other Custom Truck One Source news, CEO Ryan Mcmonagle bought 10,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average price of $4.04 per share, for a total transaction of $40,400.00. Following the transaction, the chief executive officer now owns 496,587 shares of the company’s stock, valued at approximately $2,006,211.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marshall Heinberg bought 40,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average cost of $4.07 per share, with a total value of $162,800.00. Following the completion of the purchase, the director now owns 293,856 shares in the company, valued at approximately $1,195,993.92. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 73,000 shares of company stock valued at $293,560. Company insiders own 5.60% of the company’s stock.

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).