Custom Truck One Source, Inc. (NYSE:CTOS) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of Custom Truck One Source, Inc. (NYSE:CTOSFree Report) by 939.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 492,411 shares of the company’s stock after buying an additional 445,038 shares during the quarter. JPMorgan Chase & Co. owned about 0.21% of Custom Truck One Source worth $1,699,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC raised its stake in Custom Truck One Source by 4.9% during the third quarter. Jane Street Group LLC now owns 89,432 shares of the company’s stock valued at $309,000 after buying an additional 4,155 shares in the last quarter. D.A. Davidson & CO. raised its stake in Custom Truck One Source by 20.5% during the third quarter. D.A. Davidson & CO. now owns 29,240 shares of the company’s stock valued at $101,000 after buying an additional 4,975 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Custom Truck One Source during the second quarter valued at approximately $47,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Custom Truck One Source by 15.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,626 shares of the company’s stock valued at $378,000 after buying an additional 14,906 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Custom Truck One Source during the third quarter valued at approximately $56,000. Institutional investors and hedge funds own 90.07% of the company’s stock.

Custom Truck One Source Stock Up 1.7 %

NYSE:CTOS opened at $5.11 on Thursday. The firm has a market capitalization of $1.19 billion, a PE ratio of -31.91 and a beta of 0.79. The stock has a 50 day moving average of $5.11 and a 200-day moving average of $4.42. Custom Truck One Source, Inc. has a 52 week low of $3.03 and a 52 week high of $7.00. The company has a current ratio of 1.28, a quick ratio of 0.19 and a debt-to-equity ratio of 1.87.

Custom Truck One Source (NYSE:CTOSGet Free Report) last posted its earnings results on Wednesday, October 30th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The company had revenue of $447.22 million for the quarter, compared to the consensus estimate of $448.46 million. Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.04 earnings per share. Analysts predict that Custom Truck One Source, Inc. will post -0.21 EPS for the current year.

Analysts Set New Price Targets

Separately, Oppenheimer cut their price objective on Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th.

Check Out Our Latest Stock Report on CTOS

Custom Truck One Source Profile

(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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