Northern Trust Corp Has $2.18 Million Holdings in Custom Truck One Source, Inc. (NYSE:CTOS)

Northern Trust Corp lowered its position in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 452,416 shares of the company’s stock after selling 32,838 shares during the quarter. Northern Trust Corp owned 0.19% of Custom Truck One Source worth $2,176,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CTOS. Boston Partners acquired a new stake in shares of Custom Truck One Source during the fourth quarter valued at approximately $18,268,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Custom Truck One Source by 105.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,407,782 shares of the company’s stock valued at $35,632,000 after acquiring an additional 3,796,138 shares during the period. Russell Investments Group Ltd. increased its stake in Custom Truck One Source by 216,379.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,511,025 shares of the company’s stock valued at $7,268,000 after buying an additional 1,510,327 shares during the period. Portolan Capital Management LLC increased its stake in Custom Truck One Source by 152.8% in the 4th quarter. Portolan Capital Management LLC now owns 1,451,573 shares of the company’s stock valued at $6,982,000 after buying an additional 877,273 shares during the period. Finally, Vanguard Group Inc. increased its stake in Custom Truck One Source by 17.9% in the 4th quarter. Vanguard Group Inc. now owns 3,903,855 shares of the company’s stock valued at $18,778,000 after buying an additional 592,571 shares during the period. Institutional investors and hedge funds own 90.07% of the company’s stock.

Custom Truck One Source Price Performance

NYSE CTOS opened at $4.31 on Monday. The company has a current ratio of 1.28, a quick ratio of 0.19 and a debt-to-equity ratio of 1.87. The company has a fifty day simple moving average of $4.17 and a 200 day simple moving average of $4.72. The company has a market cap of $971.43 million, a P/E ratio of -26.91 and a beta of 1.18. Custom Truck One Source, Inc. has a 1 year low of $3.03 and a 1 year 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). The firm had revenue of $422.23 million for the quarter, compared to the consensus estimate of $435.19 million. Custom Truck One Source had a negative return on equity of 4.57% and a negative net margin of 2.22%. Custom Truck One Source’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.06) earnings per share. On average, sell-side analysts predict that Custom Truck One Source, Inc. will post -0.21 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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).