Ecp Controlco, Llc Sells 2,354,109 Shares of Custom Truck One Source, Inc. (NYSE:CTOS) Stock

Custom Truck One Source, Inc. (NYSE:CTOS) major shareholder Ecp Controlco, Llc sold 2,354,109 shares of Custom Truck One Source stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $3.42, for a total value of $8,051,052.78. Following the completion of the sale, the insider now directly owns 23,384,879 shares of the company’s stock, valued at approximately $79,976,286.18. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Custom Truck One Source Price Performance

Shares of CTOS stock traded down $0.30 during trading hours on Monday, reaching $3.40. The stock had a trading volume of 1,263,450 shares, compared to its average volume of 614,963. The stock’s fifty day simple moving average is $4.37 and its 200 day simple moving average is $4.86. The firm has a market capitalization of $803.11 million, a PE ratio of 34.00 and a beta of 0.63. Custom Truck One Source, Inc. has a 12 month low of $3.37 and a 12 month high of $7.00. The company has a current ratio of 1.30, a quick ratio of 0.20 and a debt-to-equity ratio of 1.78.

Custom Truck One Source (NYSE:CTOS) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.09). The firm had revenue of $423.00 million for the quarter, compared to analysts’ expectations of $456.23 million. Custom Truck One Source had a negative net margin of 0.75% and a negative return on equity of 1.51%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 earnings per share. On average, equities research analysts predict that Custom Truck One Source, Inc. will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in shares of Custom Truck One Source in the 2nd quarter worth approximately $47,000. Koshinski Asset Management Inc. purchased a new stake in Custom Truck One Source during the first quarter valued at about $58,000. Cetera Advisors LLC bought a new position in shares of Custom Truck One Source during the first quarter valued at about $68,000. MQS Management LLC purchased a new position in shares of Custom Truck One Source in the first quarter worth about $75,000. Finally, First Merchants Corp bought a new stake in shares of Custom Truck One Source in the 2nd quarter valued at about $87,000. Institutional investors own 90.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CTOS shares. Stifel Nicolaus began coverage on shares of Custom Truck One Source in a research report on Friday, June 14th. They set a “hold” rating and a $5.50 target price for the company. Oppenheimer cut their price objective on shares of Custom Truck One Source from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Custom Truck One Source from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.30.

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).