Black Diamond Financial LLC Boosts Holdings in Custom Truck One Source, Inc. (NYSE:CTOS)

Black Diamond Financial LLC increased its holdings in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 906.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,427,000 shares of the company's stock after buying an additional 1,285,265 shares during the period. Black Diamond Financial LLC owned 0.60% of Custom Truck One Source worth $4,923,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in Custom Truck One Source in the 2nd quarter worth $47,000. Koshinski Asset Management Inc. bought a new position in Custom Truck One Source during the 1st quarter valued at about $58,000. SG Americas Securities LLC purchased a new position in shares of Custom Truck One Source during the third quarter valued at approximately $64,000. Cetera Advisors LLC purchased a new stake in Custom Truck One Source in the first quarter worth approximately $68,000. Finally, MQS Management LLC bought a new position in shares of Custom Truck One Source during the 1st quarter valued at $75,000. Institutional investors own 90.07% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Custom Truck One Source news, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of Custom Truck One Source 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 completion of the sale, the insider now directly owns 23,384,879 shares in the company, valued at approximately $79,976,286.18. The trade was a 9.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Energy Capital Partners Manage sold 18,640 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $4.17, for a total transaction of $77,728.80. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Custom Truck One Source Price Performance

NYSE CTOS traded down $0.01 on Friday, reaching $5.09. The company had a trading volume of 393,707 shares, compared to its average volume of 606,143. Custom Truck One Source, Inc. has a 12 month low of $3.03 and a 12 month high of $7.00. 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's 50 day moving average price is $3.74 and its 200 day moving average price is $4.22. The stock has a market capitalization of $1.19 billion, a PE ratio of -31.31 and a beta of 0.61.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last posted its quarterly earnings results 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 the consensus estimate of $448.46 million. Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The business's revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS. As a group, equities analysts predict that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current year.

Custom Truck One Source Company 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).