Custom Truck One Source, Inc. (NYSE:CTOS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,202,892 shares of the company’s stock after selling 41,472 shares during the quarter. Geode Capital Management LLC owned 0.52% of Custom Truck One Source worth $4,151,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CTOS. Dimensional Fund Advisors LP grew its position in shares of Custom Truck One Source by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,246,060 shares of the company’s stock worth $9,770,000 after buying an additional 410,895 shares in the last quarter. Black Diamond Financial LLC lifted its stake in Custom Truck One Source by 906.8% in the third quarter. Black Diamond Financial LLC now owns 1,427,000 shares of the company’s stock worth $4,923,000 after acquiring an additional 1,285,265 shares during the last quarter. Maven Securities LTD acquired a new position in Custom Truck One Source during the 2nd quarter worth approximately $2,175,000. First Eagle Investment Management LLC purchased a new stake in shares of Custom Truck One Source in the 2nd quarter valued at approximately $1,328,000. Finally, Bank of New York Mellon Corp increased its position in shares of Custom Truck One Source by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 266,415 shares of the company’s stock valued at $1,159,000 after purchasing an additional 11,964 shares during the last quarter. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer decreased 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 report on Tuesday, November 5th.

Custom Truck One Source Price Performance

CTOS stock opened at $4.87 on Monday. The business has a 50 day moving average price of $5.05 and a 200 day moving average price of $4.39. 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 stock has a market cap of $1.14 billion, a price-to-earnings ratio of -30.44 and a beta of 0.78. Custom Truck One Source, Inc. has a fifty-two week low of $3.03 and a fifty-two week high of $7.00.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The company had revenue of $447.22 million for the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 EPS. Equities research analysts anticipate that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current fiscal year.

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).