Jane Street Group LLC Boosts Stock Position in Custom Truck One Source, Inc. (NYSE:CTOS)

Jane Street Group LLC increased its position in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,432 shares of the company’s stock after purchasing an additional 4,155 shares during the period. Jane Street Group LLC’s holdings in Custom Truck One Source were worth $309,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CTOS. Bank of New York Mellon Corp grew its holdings in shares of Custom Truck One Source by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 266,415 shares of the company’s stock worth $1,159,000 after purchasing an additional 11,964 shares during the period. Victory Capital Management Inc. purchased a new position in Custom Truck One Source during the second quarter worth about $47,000. Black Diamond Financial LLC boosted its stake in Custom Truck One Source by 16.5% during the second quarter. Black Diamond Financial LLC now owns 141,735 shares of the company’s stock worth $617,000 after buying an additional 20,100 shares during the period. Dimensional Fund Advisors LP increased 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 valued at $9,770,000 after acquiring an additional 410,895 shares during the last quarter. Finally, 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. 90.07% of the stock is owned by hedge funds and other institutional investors.

Custom Truck One Source Price Performance

Custom Truck One Source stock opened at $4.48 on Friday. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87. Custom Truck One Source, Inc. has a 52-week low of $3.03 and a 52-week high of $7.00. The firm has a market cap of $1.05 billion, a PE ratio of -28.00 and a beta of 0.79. The company’s 50 day moving average is $5.11 and its two-hundred day moving average is $4.39.

Custom Truck One Source (NYSE:CTOS) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates 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 revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 EPS. On average, research analysts expect that Custom Truck One Source, Inc. will post -0.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer lowered 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 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).