Custom Truck One Source, Inc. (NYSE:CTOS) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 939.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 492,411 shares of the company's stock after buying an additional 445,038 shares during the period. JPMorgan Chase & Co. owned about 0.21% of Custom Truck One Source worth $1,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in Custom Truck One Source by 349.6% during the 3rd quarter. Barclays PLC now owns 84,526 shares of the company's stock worth $291,000 after buying an additional 65,725 shares in the last quarter. Jane Street Group LLC increased its position in shares of Custom Truck One Source by 4.9% during the third quarter. Jane Street Group LLC now owns 89,432 shares of the company's stock worth $309,000 after purchasing an additional 4,155 shares in the last quarter. Paloma Partners Management Co raised its stake in Custom Truck One Source by 17.5% in the 3rd quarter. Paloma Partners Management Co now owns 256,146 shares of the company's stock valued at $884,000 after purchasing an additional 38,242 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Custom Truck One Source by 15.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,626 shares of the company's stock valued at $378,000 after purchasing an additional 14,906 shares in the last quarter. Finally, FMR LLC boosted its stake in Custom Truck One Source by 1,234.8% during the 3rd quarter. FMR LLC now owns 28,846 shares of the company's stock worth $100,000 after purchasing an additional 26,685 shares during the last quarter. Institutional investors and hedge funds own 90.07% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer decreased their price target on shares of Custom Truck One Source from $6.00 to $5.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th.

Custom Truck One Source Trading Up 6.0 %

NYSE CTOS traded up $0.31 on Thursday, reaching $5.37. 1,035,804 shares of the company were exchanged, compared to its average volume of 938,091. The company has a current ratio of 1.28, a quick ratio of 0.19 and a debt-to-equity ratio of 1.87. The business's fifty day moving average price is $5.11 and its 200 day moving average price is $4.42. The stock has a market capitalization of $1.25 billion, a P/E ratio of -33.53 and a beta of 0.79. 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 - Get Free Report) last announced 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). Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The firm had revenue of $447.22 million for the quarter, compared to analyst estimates of $448.46 million. During the same period in the previous year, the firm posted $0.04 EPS. The company's revenue was up 3.0% compared to the same quarter last year. Analysts forecast that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current 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).