Quadrature Capital Ltd Raises Stock Position in Custom Truck One Source, Inc. (NYSE:CTOS)

Quadrature Capital Ltd lifted its position in Custom Truck One Source, Inc. (NYSE:CTOS) by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,875 shares of the company’s stock after buying an additional 2,636 shares during the period. Quadrature Capital Ltd’s holdings in Custom Truck One Source were worth $184,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new stake in Custom Truck One Source during the 3rd quarter worth approximately $31,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of Custom Truck One Source in the 3rd quarter valued at $89,000. Arbor Wealth Advisors LLC purchased a new stake in shares of Custom Truck One Source in the 4th quarter valued at $94,000. Tower Research Capital LLC TRC boosted its holdings in shares of Custom Truck One Source by 851.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 16,011 shares of the company’s stock valued at $99,000 after acquiring an additional 14,328 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Custom Truck One Source by 9.8% in the 4th quarter. M&T Bank Corp now owns 29,489 shares of the company’s stock valued at $183,000 after acquiring an additional 2,627 shares during the last quarter. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Analyst Upgrades and Downgrades

CTOS has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Stifel Nicolaus started coverage on shares of Custom Truck One Source in a report on Friday, June 14th. They issued a “hold” rating and a $5.50 price objective on the stock. Robert W. Baird decreased their target price on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Finally, Oppenheimer decreased their target price on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.42.

Insider Activity at Custom Truck One Source

In other news, CEO Ryan Mcmonagle acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average price of $4.04 per share, with a total value of $40,400.00. Following the completion of the acquisition, the chief executive officer now owns 496,587 shares of the company’s stock, valued at approximately $2,006,211.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Custom Truck One Source news, Director Marshall Heinberg purchased 40,000 shares of Custom Truck One Source stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average price of $4.07 per share, with a total value of $162,800.00. Following the completion of the transaction, the director now owns 293,856 shares of the company’s stock, valued at $1,195,993.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcmonagle purchased 10,000 shares of Custom Truck One Source stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $4.04 per share, for a total transaction of $40,400.00. Following the transaction, the chief executive officer now directly owns 496,587 shares of the company’s stock, valued at approximately $2,006,211.48. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 73,000 shares of company stock valued at $293,560. 5.60% of the stock is owned by company insiders.

Custom Truck One Source Stock Performance

NYSE:CTOS opened at $4.34 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.22 and a current ratio of 1.34. The company has a fifty day moving average of $4.64 and a two-hundred day moving average of $5.62. The stock has a market capitalization of $1.04 billion, a PE ratio of 43.35 and a beta of 0.70. Custom Truck One Source, Inc. has a fifty-two week low of $3.61 and a fifty-two week high of $7.53.

Custom Truck One Source (NYSE:CTOS) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). Custom Truck One Source had a return on equity of 2.48% and a net margin of 1.24%. The company had revenue of $411.31 million for the quarter, compared to analyst estimates of $455.98 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The business’s revenue was down 9.0% on a year-over-year basis. As a group, research analysts forecast that Custom Truck One Source, Inc. will post 0.15 earnings per share for the current fiscal year.

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).