Custom Truck One Source, Inc. (NYSE:CTOS) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its holdings in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 446,464 shares of the company’s stock after selling 27,750 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.19% of Custom Truck One Source worth $1,540,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Custom Truck One Source by 190.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,934,780 shares of the company’s stock worth $21,466,000 after purchasing an additional 3,234,586 shares during the last quarter. Black Diamond Financial LLC raised its position in shares of Custom Truck One Source by 906.8% during the 3rd quarter. Black Diamond Financial LLC now owns 1,427,000 shares of the company’s stock worth $4,923,000 after purchasing an additional 1,285,265 shares during the period. Maven Securities LTD acquired a new stake in shares of Custom Truck One Source during the 2nd quarter worth approximately $2,175,000. Dimensional Fund Advisors LP lifted its holdings in shares of 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 worth $9,770,000 after purchasing an additional 410,895 shares during the last quarter. Finally, First Eagle Investment Management LLC acquired a new position in Custom Truck One Source during the 2nd quarter valued at approximately $1,328,000. 90.07% of the stock is owned by institutional investors and hedge funds.

Custom Truck One Source Price Performance

Shares of CTOS opened at $5.23 on Tuesday. The stock’s fifty day moving average is $4.61 and its 200-day moving average is $4.36. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -32.66 and a beta of 0.78. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.19 and a current ratio of 1.28. Custom Truck One Source, Inc. has a one year low of $3.03 and a one year high of $7.00.

Custom Truck One Source (NYSE:CTOS) last announced its earnings results on Wednesday, October 30th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The firm had revenue of $447.22 million for 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%. Custom Truck One Source’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 EPS. Equities analysts anticipate that Custom Truck One Source, Inc. will post -0.21 EPS for the current year.

Analyst Ratings Changes

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

Custom Truck One Source 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).