Custom Truck One Source, Inc. (NYSE:CTOS) Short Interest Down 6.3% in December

Custom Truck One Source, Inc. (NYSE:CTOS) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 4,160,000 shares, a decrease of 6.3% from the December 15th total of 4,440,000 shares. Based on an average daily volume of 611,200 shares, the days-to-cover ratio is currently 6.8 days. Approximately 7.1% of the shares of the company are short sold.

Custom Truck One Source Stock Up 2.7 %

NYSE CTOS traded up $0.13 on Friday, hitting $4.76. 526,705 shares of the stock were exchanged, compared to its average volume of 563,879. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87. The company has a 50-day moving average price of $5.11 and a 200-day moving average price of $4.40. The company has a market cap of $1.11 billion, a PE ratio of -29.72 and a beta of 0.79. Custom Truck One Source has a fifty-two week low of $3.03 and a fifty-two week high of $7.00.

Custom Truck One Source (NYSE:CTOS) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Custom Truck One Source had a negative return on equity of 4.57% and a negative net margin of 2.22%. The company had revenue of $447.22 million for the quarter, compared to analysts’ expectations of $448.46 million. During the same quarter last year, the company earned $0.04 EPS. Custom Truck One Source’s revenue for the quarter was up 3.0% compared to the same quarter last year. Sell-side analysts anticipate that Custom Truck One Source will post -0.21 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Oppenheimer reduced their price objective on shares of Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th.

Hedge Funds Weigh In On Custom Truck One Source

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC lifted its holdings in Custom Truck One Source by 4.9% during the 3rd quarter. Jane Street Group LLC now owns 89,432 shares of the company’s stock worth $309,000 after buying an additional 4,155 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Custom Truck One Source by 20.5% during the third quarter. D.A. Davidson & CO. now owns 29,240 shares of the company’s stock worth $101,000 after purchasing an additional 4,975 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Custom Truck One Source in the second quarter valued at $47,000. Bank of New York Mellon Corp boosted its position in shares of Custom Truck One Source by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 266,415 shares of the company’s stock valued at $1,159,000 after purchasing an additional 11,964 shares in the last quarter. Finally, SG Americas Securities LLC grew its position 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 worth $152,000 after buying an additional 12,913 shares during the last quarter. Institutional investors and hedge funds own 90.07% 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).