Creative Planning Decreases Stock Position in Custom Truck One Source, Inc. (NYSE:CTOS)

Creative Planning decreased its holdings in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 40.4% during the third quarter, Holdings Channel.com reports. The fund owned 18,235 shares of the company’s stock after selling 12,367 shares during the period. Creative Planning’s holdings in Custom Truck One Source were worth $63,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its stake in Custom Truck One Source by 21.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,395 shares of the company’s stock valued at $96,000 after purchasing an additional 2,882 shares in the last quarter. Koshinski Asset Management Inc. acquired a new position in shares of Custom Truck One Source in the 1st quarter valued at $58,000. Sendero Wealth Management LLC raised its stake in Custom Truck One Source by 6.5% in the 2nd quarter. Sendero Wealth Management LLC now owns 162,800 shares of the company’s stock worth $708,000 after acquiring an additional 10,000 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Custom Truck One Source during the 2nd quarter worth about $47,000. Finally, Cetera Advisors LLC purchased a new stake in Custom Truck One Source during the 1st quarter valued at about $68,000. Institutional investors and hedge funds own 90.07% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer reduced their price objective on Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Custom Truck One Source has a consensus rating of “Moderate Buy” and a consensus price target of $5.63.

Custom Truck One Source Trading Down 3.1 %

NYSE CTOS opened at $4.98 on Wednesday. Custom Truck One Source, Inc. has a 1 year low of $3.03 and a 1 year high of $7.00. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19. The company has a market capitalization of $1.16 billion, a PE ratio of -31.13 and a beta of 0.61. The company has a fifty day moving average of $3.67 and a 200 day moving average of $4.21.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The company had revenue of $447.22 million during the quarter, compared to analyst estimates of $448.46 million. Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS. Research analysts forecast that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $3.42, for a total transaction of $8,051,052.78. Following the sale, the insider now owns 23,384,879 shares in the company, valued at approximately $79,976,286.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Custom Truck One Source news, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $3.42, for a total transaction of $8,051,052.78. Following the transaction, the insider now owns 23,384,879 shares in the company, valued at approximately $79,976,286.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Energy Capital Partners Manage sold 18,640 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $4.17, for a total value of $77,728.80. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

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).