ProShare Advisors LLC Takes $67,000 Position in Custom Truck One Source, Inc. (NYSE:CTOS)

ProShare Advisors LLC acquired a new stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,925 shares of the company’s stock, valued at approximately $67,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in shares of Custom Truck One Source by 18.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,394 shares of the company’s stock valued at $94,000 after buying an additional 2,999 shares in the last quarter. Barclays PLC grew its holdings in shares of Custom Truck One Source by 5.8% during the 4th quarter. Barclays PLC now owns 89,436 shares of the company’s stock valued at $430,000 after purchasing an additional 4,910 shares during the last quarter. Stoneridge Investment Partners LLC grew its holdings in shares of Custom Truck One Source by 22.0% during the 4th quarter. Stoneridge Investment Partners LLC now owns 30,335 shares of the company’s stock valued at $146,000 after purchasing an additional 5,478 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Custom Truck One Source during the 4th quarter valued at $29,000. Finally, Nebula Research & Development LLC grew its holdings in shares of Custom Truck One Source by 15.9% during the 4th quarter. Nebula Research & Development LLC now owns 50,015 shares of the company’s stock valued at $241,000 after purchasing an additional 6,848 shares during the last quarter. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CTOS. Oppenheimer increased their target price on shares of Custom Truck One Source from $5.00 to $6.00 and gave the company an “outperform” rating in a report 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 target price on the stock. in a report on Monday, April 28th. Baird R W lowered shares of Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a report on Monday, April 28th. Finally, Stifel Nicolaus reduced their target price on shares of Custom Truck One Source from $5.50 to $5.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.25.

Custom Truck One Source Price Performance

Shares of Custom Truck One Source stock opened at $4.50 on Wednesday. The firm has a market cap of $1.01 billion, a PE ratio of -28.09 and a beta of 1.18. Custom Truck One Source, Inc. has a 12-month low of $3.03 and a 12-month high of $6.11. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87. The company’s fifty day simple moving average is $4.10 and its two-hundred day simple moving average is $4.69.

Custom Truck One Source (NYSE:CTOS) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). The firm had revenue of $422.23 million during 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 revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned ($0.06) EPS. As a group, equities analysts expect that Custom Truck One Source, Inc. will post -0.21 EPS for the current year.

Custom Truck One Source Company Profile

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).