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

Creative Planning reduced its holdings in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 40.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. First Eagle Investment Management LLC bought a new position in shares of Custom Truck One Source in the second quarter worth approximately $1,328,000. Maven Securities LTD bought a new position in shares of Custom Truck One Source in the second quarter worth about $2,175,000. Allspring Global Investments Holdings LLC raised its stake in Custom Truck One Source by 190.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,934,780 shares of the company’s stock valued at $21,466,000 after purchasing an additional 3,234,586 shares during the period. Dimensional Fund Advisors LP increased its holdings in Custom Truck One Source by 22.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,246,060 shares of the company’s stock valued at $9,770,000 after acquiring an additional 410,895 shares during the last quarter. Finally, Cetera Advisors LLC bought a new position in Custom Truck One Source during the first quarter valued at approximately $68,000. Institutional investors own 90.07% of the company’s stock.

Analyst Ratings Changes

Separately, Oppenheimer dropped 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 note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.63.

Custom Truck One Source Stock Down 3.1 %

NYSE CTOS opened at $4.98 on Wednesday. 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 firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -31.13 and a beta of 0.61. Custom Truck One Source, Inc. has a 52 week low of $3.03 and a 52 week high of $7.00. The company has a fifty day moving average of $3.67 and a two-hundred day moving average of $4.21.

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

Insider Activity at Custom Truck One Source

In other Custom Truck One Source news, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $3.42, for a total value of $8,051,052.78. Following the completion of the sale, the insider now directly owns 23,384,879 shares in the company, valued at approximately $79,976,286.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the stock in a transaction that occurred 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 transaction, the insider now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Energy Capital Partners Manage sold 18,640 shares of Custom Truck One Source stock in a transaction 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. 5.60% of the stock is owned by company insiders.

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).