Allspring Global Investments Holdings LLC Has $16.27 Million Stock Holdings in Custom Truck One Source, Inc. (NYSE:CTOS)

Allspring Global Investments Holdings LLC trimmed its position in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,715,225 shares of the company's stock after selling 219,555 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.96% of Custom Truck One Source worth $16,268,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Custom Truck One Source during the third quarter worth $64,000. Maven Securities LTD acquired a new position in shares of Custom Truck One Source during the 2nd quarter worth about $2,175,000. First Eagle Investment Management LLC acquired a new position in Custom Truck One Source during the second quarter valued at approximately $1,328,000. Dimensional Fund Advisors LP increased its holdings in shares of 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 acquiring an additional 410,895 shares in the last quarter. Finally, Black Diamond Financial LLC raised its position in shares of 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 purchasing an additional 20,100 shares during the period. 90.07% of the stock is owned by institutional investors.

Custom Truck One Source Stock Performance

NYSE:CTOS traded up $0.03 on Friday, hitting $3.24. The company's stock had a trading volume of 290,310 shares, compared to its average volume of 596,341. Custom Truck One Source, Inc. has a one year low of $3.03 and a one year high of $7.00. The firm has a market capitalization of $777.75 million, a P/E ratio of 32.05 and a beta of 0.62. The stock has a fifty day moving average of $3.69 and a two-hundred day moving average of $4.33. The company has a current ratio of 1.30, a quick ratio of 0.20 and a debt-to-equity ratio of 1.78.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.09). Custom Truck One Source had a negative net margin of 0.75% and a negative return on equity of 1.51%. The business had revenue of $423.00 million for the quarter, compared to analyst estimates of $456.23 million. During the same period in the prior year, the business earned $0.05 EPS. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. Research analysts predict that Custom Truck One Source, Inc. will post -0.12 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Thomas R. Rich bought 26,200 shares of the stock in a transaction dated Tuesday, August 6th. The shares were bought at an average price of $3.84 per share, for a total transaction of $100,608.00. Following the completion of the purchase, the insider now owns 224,778 shares in the company, valued at approximately $863,147.52. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Custom Truck One Source news, insider Thomas R. Rich purchased 26,200 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average cost of $3.84 per share, with a total value of $100,608.00. Following the completion of the transaction, the insider now owns 224,778 shares in the company, valued at $863,147.52. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Energy Capital Partners Manage sold 18,640 shares of the business's stock in a transaction dated 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 insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CTOS. Oppenheimer lowered their target price on Custom Truck One Source from $7.00 to $6.00 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. JPMorgan Chase & Co. reduced their target price on shares of Custom Truck One Source from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Custom Truck One Source currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.88.

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).