Portolan Capital Management LLC Has $1.98 Million Stock Holdings in Custom Truck One Source, Inc. (NYSE:CTOS)

Portolan Capital Management LLC trimmed its position in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 51.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 574,300 shares of the company's stock after selling 612,080 shares during the quarter. Portolan Capital Management LLC owned about 0.25% of Custom Truck One Source worth $1,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. acquired a new position in shares of Custom Truck One Source during the second quarter worth approximately $47,000. Intech Investment Management LLC bought a new stake in Custom Truck One Source in the 3rd quarter valued at $56,000. SG Americas Securities LLC acquired a new stake in Custom Truck One Source in the 3rd quarter worth $64,000. Cetera Advisors LLC bought a new position in shares of Custom Truck One Source during the 1st quarter worth about $68,000. Finally, First Merchants Corp acquired a new position in shares of Custom Truck One Source during the second quarter valued at about $87,000. 90.07% of the stock is owned by institutional investors.

Custom Truck One Source Price Performance

Shares of CTOS stock traded up $0.03 during mid-day trading on Thursday, reaching $5.76. The company's stock had a trading volume of 548,447 shares, compared to its average volume of 605,417. The firm's 50-day moving average is $4.29 and its two-hundred day moving average is $4.32. The company has a market cap of $1.34 billion, a P/E ratio of -36.00 and a beta of 0.78. Custom Truck One Source, Inc. has a 1-year low of $3.03 and a 1-year high of $7.00. 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The business had revenue of $447.22 million during 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 revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company earned $0.04 EPS. On average, research analysts predict that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current year.

Analyst Ratings Changes

Separately, Oppenheimer decreased their target price on 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.63.

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).