Legal & General Group Plc Decreases Stake in Custom Truck One Source, Inc. (NYSE:CTOS)

Legal & General Group Plc lowered its stake in Custom Truck One Source, Inc. (NYSE:CTOS) by 10.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 57,537 shares of the company’s stock after selling 6,407 shares during the period. Legal & General Group Plc’s holdings in Custom Truck One Source were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. R Squared Ltd acquired a new stake in shares of Custom Truck One Source in the fourth quarter worth $39,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Custom Truck One Source in the fourth quarter worth $56,000. Platform Technology Partners acquired a new stake in shares of Custom Truck One Source in the fourth quarter worth $66,000. Intech Investment Management LLC increased its stake in shares of Custom Truck One Source by 52.4% in the fourth quarter. Intech Investment Management LLC now owns 24,747 shares of the company’s stock worth $119,000 after acquiring an additional 8,514 shares during the period. Finally, Stoneridge Investment Partners LLC increased its stake in shares of Custom Truck One Source by 22.0% in the fourth quarter. Stoneridge Investment Partners LLC now owns 30,335 shares of the company’s stock worth $146,000 after acquiring an additional 5,478 shares during the period. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Stock Down 4.5 %

Shares of NYSE CTOS opened at $4.04 on Thursday. The company’s 50-day simple moving average is $4.25 and its 200-day simple moving average is $4.63. Custom Truck One Source, Inc. has a 52-week low of $3.03 and a 52-week high of $6.11. The firm has a market cap of $911.63 million, a price-to-earnings ratio of -25.25 and a beta of 0.83. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87.

Custom Truck One Source (NYSE:CTOS) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). Custom Truck One Source had a negative return on equity of 4.57% and a negative net margin of 2.22%. The business had revenue of $422.23 million for the quarter, compared to analyst estimates of $435.19 million. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Equities analysts predict that Custom Truck One Source, Inc. will post -0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CTOS has been the topic of several analyst reports. Baird R W lowered shares of Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a research report on Monday. Oppenheimer raised their price target on shares of Custom Truck One Source from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Stifel Nicolaus dropped their price target on shares of Custom Truck One Source from $5.50 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Finally, Robert W. Baird lowered shares of Custom Truck One Source from an “outperform” rating to a “neutral” rating and set a $5.00 price target on the stock. in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.25.

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).