Custom Truck One Source, Inc. (NYSE:CTOS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in Custom Truck One Source, Inc. (NYSE:CTOS) by 19.7% during the 4th quarter, HoldingsChannel reports. The fund owned 1,873,017 shares of the company’s stock after selling 460,926 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Custom Truck One Source were worth $11,575,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CTOS. Lazard Asset Management LLC increased its holdings in shares of Custom Truck One Source by 117.8% in the 3rd quarter. Lazard Asset Management LLC now owns 4,959 shares of the company’s stock valued at $30,000 after acquiring an additional 2,682 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Custom Truck One Source during the third quarter worth $31,000. Register Financial Advisors LLC raised its holdings in shares of Custom Truck One Source by 66.7% during the third quarter. Register Financial Advisors LLC now owns 5,000 shares of the company’s stock worth $31,000 after purchasing an additional 2,000 shares during the period. Advisor Group Holdings Inc. lifted its position in shares of Custom Truck One Source by 214.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,666 shares of the company’s stock worth $31,000 after buying an additional 2,499 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Custom Truck One Source by 107.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,480 shares of the company’s stock valued at $44,000 after buying an additional 3,877 shares during the period. 90.07% of the stock is currently owned by institutional investors.

Custom Truck One Source Stock Performance

CTOS stock opened at $5.52 on Tuesday. The stock’s fifty day moving average is $6.07 and its two-hundred day moving average is $6.04. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 1.07 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.31 and a current ratio of 1.41. Custom Truck One Source, Inc. has a 1 year low of $4.41 and a 1 year high of $7.53.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). Custom Truck One Source had a net margin of 2.72% and a return on equity of 5.55%. The firm had revenue of $521.75 million during the quarter, compared to the consensus estimate of $468.69 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, research analysts predict that Custom Truck One Source, Inc. will post 0.27 EPS for the current year.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Custom Truck One Source from a “d” rating to a “c” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $8.50.

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).