Custom Truck One Source, Inc. (NYSE:CTOS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in Custom Truck One Source, Inc. (NYSE:CTOS) by 19.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,873,017 shares of the company’s stock after selling 460,926 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.77% of Custom Truck One Source worth $11,575,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Canvas Wealth Advisors LLC increased its stake in shares of Custom Truck One Source by 4.8% during the fourth quarter. Canvas Wealth Advisors LLC now owns 3,413,242 shares of the company’s stock worth $21,299,000 after acquiring an additional 156,010 shares during the period. Register Financial Advisors LLC raised its stake in shares of Custom Truck One Source by 602.0% during the 4th quarter. Register Financial Advisors LLC now owns 35,100 shares of the company’s stock worth $217,000 after buying an additional 30,100 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Custom Truck One Source by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,251,103 shares of the company’s stock valued at $20,157,000 after buying an additional 52,437 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Custom Truck One Source by 330.2% in the 4th quarter. SG Americas Securities LLC now owns 84,169 shares of the company’s stock valued at $520,000 after buying an additional 64,606 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of Custom Truck One Source in the third quarter valued at approximately $169,000. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Custom Truck One Source Trading Down 2.3 %

Shares of Custom Truck One Source stock opened at $5.52 on Tuesday. The company has a 50-day moving average of $6.07 and a two-hundred day moving average of $6.04. The stock has a market cap of $1.33 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.07 and a beta of 0.66. The company has a current ratio of 1.41, a quick ratio of 0.31 and a debt-to-equity ratio of 1.62. Custom Truck One Source, Inc. has a 12-month low of $4.41 and a 12-month high of $7.53.

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

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).