UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $378,000 Stock Position in Custom Truck One Source, Inc. (NYSE:CTOS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 15.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 109,626 shares of the company’s stock after purchasing an additional 14,906 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Custom Truck One Source were worth $378,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Custom Truck One Source by 190.2% in 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 second 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 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 valued at $4,923,000 after buying an additional 1,285,265 shares during the period. Maven Securities LTD bought a new position in shares of Custom Truck One Source during the 2nd quarter worth approximately $2,175,000. Finally, First Eagle Investment Management LLC acquired a new stake in shares of Custom Truck One Source during the 2nd quarter worth approximately $1,328,000. Institutional investors own 90.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

Custom Truck One Source Stock Up 0.6 %

Shares of NYSE:CTOS opened at $4.93 on Friday. The firm has a market cap of $1.15 billion, a P/E ratio of -30.81 and a beta of 0.78. Custom Truck One Source, Inc. has a 52-week low of $3.03 and a 52-week high of $7.00. The business’s 50 day simple moving average is $4.75 and its two-hundred day simple moving average is $4.37. 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 (NYSE:CTOS) last issued its earnings results on Wednesday, October 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The firm 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%. Custom Truck One Source’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.04 earnings per share. As a group, research analysts forecast that Custom Truck One Source, Inc. will post -0.21 EPS 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).