Janus Henderson Group PLC Trims Stake in Custom Truck One Source, Inc. (NYSE:CTOS)

Janus Henderson Group PLC reduced its stake in Custom Truck One Source, Inc. (NYSE:CTOS) by 45.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,800 shares of the company’s stock after selling 24,300 shares during the quarter. Janus Henderson Group PLC’s holdings in Custom Truck One Source were worth $139,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CTOS. BNP Paribas Financial Markets bought a new position in shares of Custom Truck One Source in the fourth quarter worth approximately $29,000. R Squared Ltd purchased a new position in shares of Custom Truck One Source during the 4th quarter valued at $39,000. KLP Kapitalforvaltning AS bought a new position in Custom Truck One Source in the 4th quarter worth $56,000. Platform Technology Partners purchased a new stake in Custom Truck One Source in the 4th quarter worth $66,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Custom Truck One Source by 18.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,394 shares of the company’s stock worth $94,000 after buying an additional 2,999 shares in the last quarter. Institutional investors own 90.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CTOS shares. Oppenheimer upped their price objective on Custom Truck One Source from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Baird R W downgraded Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 28th. Stifel Nicolaus cut their price objective on shares of Custom Truck One Source from $5.50 to $5.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Finally, Robert W. Baird downgraded shares of Custom Truck One Source from an “outperform” rating to a “neutral” rating and set a $5.00 target price on the stock. in a report on Monday, April 28th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.25.

Custom Truck One Source Trading Down 1.5%

CTOS stock opened at $4.31 on Monday. The firm has a market cap of $971.43 million, a PE ratio of -26.91 and a beta of 1.18. The firm has a fifty day moving average price of $4.17 and a 200 day moving average price of $4.72. 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, Inc. has a fifty-two week low of $3.03 and a fifty-two week high of $6.11.

Custom Truck One Source (NYSE:CTOS) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.01). Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The company had revenue of $422.23 million during the quarter, compared to the consensus estimate of $435.19 million. During the same period in the previous year, the business earned ($0.06) earnings per share. Custom Truck One Source’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts anticipate that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current fiscal year.

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).