Maven Securities LTD Takes $2.18 Million Position in Custom Truck One Source, Inc. (NYSE:CTOS)

Maven Securities LTD bought a new stake in Custom Truck One Source, Inc. (NYSE:CTOS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 500,000 shares of the company’s stock, valued at approximately $2,175,000. Maven Securities LTD owned 0.21% of Custom Truck One Source as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of CTOS. First Eagle Investment Management LLC bought a new position in Custom Truck One Source during the second quarter worth $1,328,000. Dimensional Fund Advisors LP lifted its stake in shares of Custom Truck One Source by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,246,060 shares of the company’s stock worth $9,770,000 after buying an additional 410,895 shares during the last quarter. Black Diamond Financial LLC boosted its holdings in shares of Custom Truck One Source by 16.5% during the 2nd quarter. Black Diamond Financial LLC now owns 141,735 shares of the company’s stock worth $617,000 after buying an additional 20,100 shares during the period. Victory Capital Management Inc. acquired a new position in Custom Truck One Source in the 2nd quarter valued at about $47,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Custom Truck One Source by 190.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,934,780 shares of the company’s stock valued at $21,466,000 after acquiring an additional 3,234,586 shares during the period. 90.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Oppenheimer cut their price objective on shares of Custom Truck One Source from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Stifel Nicolaus began coverage on Custom Truck One Source in a research note on Friday, June 14th. They issued a “hold” rating and a $5.50 price target for the company. Finally, JPMorgan Chase & Co. decreased their price objective on Custom Truck One Source from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.30.

Custom Truck One Source Trading Down 4.6 %

CTOS opened at $3.29 on Wednesday. The stock has a market capitalization of $790.98 million, a price-to-earnings ratio of 32.90 and a beta of 0.63. The company has a quick ratio of 0.20, a current ratio of 1.30 and a debt-to-equity ratio of 1.78. Custom Truck One Source, Inc. has a twelve month low of $3.26 and a twelve month high of $7.00. The company has a 50-day simple moving average of $4.09 and a 200 day simple moving average of $4.59.

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

Insider Activity at Custom Truck One Source

In other Custom Truck One Source news, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the business’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 completion of the transaction, the insider now owns 23,384,879 shares of the company’s stock, valued at $79,976,286.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Custom Truck One Source news, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $3.42, for a total transaction of $8,051,052.78. Following the sale, the insider now owns 23,384,879 shares of the company’s stock, valued at $79,976,286.18. The transaction was disclosed in a legal 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 on Tuesday, August 27th. The shares were sold at an average price of $4.17, for a total value of $77,728.80. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

About Custom Truck One Source

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).