GSA Capital Partners LLP Trims Stock Position in Custom Truck One Source, Inc. (NYSE:CTOS)

GSA Capital Partners LLP decreased its holdings in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 36.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 277,545 shares of the company's stock after selling 160,574 shares during the quarter. GSA Capital Partners LLP owned 0.12% of Custom Truck One Source worth $958,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. First Eagle Investment Management LLC bought a new position in Custom Truck One Source in the 2nd quarter valued at about $1,328,000. Maven Securities LTD bought a new position in Custom Truck One Source in the second quarter valued at approximately $2,175,000. Allspring Global Investments Holdings LLC raised its position in Custom Truck One Source by 190.2% during the second 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 in the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 410,895 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new stake in Custom Truck One Source in the first quarter valued at about $68,000. 90.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer dropped their target price on 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. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Custom Truck One Source currently has an average rating of "Moderate Buy" and a consensus target price of $5.63.

Custom Truck One Source Stock Down 0.2 %

CTOS stock traded down $0.01 during trading on Friday, reaching $5.09. 394,003 shares of the stock were exchanged, compared to its average volume of 606,144. The company has a current ratio of 1.28, a quick ratio of 0.19 and a debt-to-equity ratio of 1.87. Custom Truck One Source, Inc. has a twelve month low of $3.03 and a twelve month high of $7.00. The firm's 50 day moving average is $3.77 and its 200 day moving average is $4.22. The firm has a market cap of $1.19 billion, a P/E ratio of -31.81 and a beta of 0.61.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last released 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 business had revenue of $447.22 million for the quarter, compared to analyst estimates 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 business's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 EPS. As a group, research analysts forecast that Custom Truck One Source, Inc. will post -0.21 EPS for the current year.

Insider Activity

In related news, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the firm's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $3.42, for a total transaction of $8,051,052.78. Following the transaction, the insider now directly owns 23,384,879 shares of the company's stock, valued at approximately $79,976,286.18. This trade represents a 9.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Energy Capital Partners Manage sold 18,640 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 currently owned by corporate insiders.

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).