Custom Truck One Source, Inc. (NYSE:CTOS) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its stake in shares of Custom Truck One Source, Inc. (NYSE:CTOSFree Report) by 15.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,817,365 shares of the company’s stock after selling 320,176 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.76% of Custom Truck One Source worth $10,577,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Quadrature Capital Ltd acquired a new stake in shares of Custom Truck One Source during the 3rd quarter worth $169,000. Vanguard Group Inc. increased its stake in Custom Truck One Source by 1.6% during the third quarter. Vanguard Group Inc. now owns 3,251,103 shares of the company’s stock worth $20,157,000 after acquiring an additional 52,437 shares during the last quarter. Register Financial Advisors LLC raised its holdings in shares of Custom Truck One Source by 602.0% in the 4th quarter. Register Financial Advisors LLC now owns 35,100 shares of the company’s stock worth $217,000 after purchasing an additional 30,100 shares during the period. SG Americas Securities LLC lifted its stake in shares of Custom Truck One Source by 330.2% in the 4th quarter. SG Americas Securities LLC now owns 84,169 shares of the company’s stock valued at $520,000 after purchasing an additional 64,606 shares in the last quarter. Finally, Sendero Wealth Management LLC grew its holdings in shares of Custom Truck One Source by 15.1% during the 4th quarter. Sendero Wealth Management LLC now owns 152,800 shares of the company’s stock worth $944,000 after purchasing an additional 20,000 shares during the period. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CTOS shares. Oppenheimer cut their price target on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. Robert W. Baird decreased their price target on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Stifel Nicolaus started coverage on Custom Truck One Source in a research report on Friday, June 14th. They issued a “hold” rating and a $5.50 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their target price on Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Custom Truck One Source has a consensus rating of “Moderate Buy” and a consensus price target of $7.42.

View Our Latest Research Report on Custom Truck One Source

Insider Buying and Selling

In other news, CEO Ryan Mcmonagle bought 10,000 shares of Custom Truck One Source stock in a transaction on Wednesday, May 8th. The shares were bought at an average price of $4.04 per share, with a total value of $40,400.00. Following the acquisition, the chief executive officer now directly owns 496,587 shares in the company, valued at approximately $2,006,211.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Custom Truck One Source news, Director Marshall Heinberg acquired 40,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price of $4.07 per share, with a total value of $162,800.00. Following the transaction, the director now directly owns 293,856 shares in the company, valued at $1,195,993.92. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ryan Mcmonagle acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $4.04 per share, for a total transaction of $40,400.00. Following the purchase, the chief executive officer now owns 496,587 shares of the company’s stock, valued at $2,006,211.48. The disclosure for this purchase can be found here. Over the last three months, insiders bought 73,000 shares of company stock worth $293,560. Corporate insiders own 5.60% of the company’s stock.

Custom Truck One Source Price Performance

CTOS stock opened at $4.18 on Monday. The stock’s 50 day moving average is $4.52 and its two-hundred day moving average is $5.54. Custom Truck One Source, Inc. has a 52-week low of $3.61 and a 52-week high of $7.53. The company has a market capitalization of $1.00 billion, a PE ratio of 41.80 and a beta of 0.70. The company has a quick ratio of 0.22, a current ratio of 1.34 and a debt-to-equity ratio of 1.66.

Custom Truck One Source (NYSE:CTOSGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The company had revenue of $411.31 million during the quarter, compared to the consensus estimate of $455.98 million. Custom Truck One Source had a return on equity of 2.48% and a net margin of 1.24%. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. Analysts predict that Custom Truck One Source, Inc. will post 0.15 earnings per share for the current fiscal year.

About Custom Truck One Source

(Free Report)

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).

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Institutional Ownership by Quarter for Custom Truck One Source (NYSE:CTOS)

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