Two Sigma Advisers LP Decreases Stock Position in Custom Truck One Source, Inc. (NYSE:CTOS)

Two Sigma Advisers LP trimmed its position in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 81.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,500 shares of the company’s stock after selling 46,900 shares during the period. Two Sigma Advisers LP’s holdings in Custom Truck One Source were worth $51,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTOS. BNP Paribas Financial Markets purchased a new position in Custom Truck One Source in the 4th quarter valued at about $29,000. KLP Kapitalforvaltning AS acquired a new position in shares of Custom Truck One Source in the fourth quarter worth about $56,000. Platform Technology Partners purchased a new position in Custom Truck One Source in the fourth quarter valued at about $66,000. ProShare Advisors LLC purchased a new position in Custom Truck One Source in the fourth quarter valued at about $67,000. Finally, Price T Rowe Associates Inc. MD grew its stake in 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 purchasing an additional 2,999 shares in the last quarter. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CTOS. Baird R W lowered Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 28th. Oppenheimer lifted their price target on shares of 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. Robert W. Baird cut shares of Custom Truck One Source from an “outperform” rating to a “neutral” rating and set a $5.00 price target on the stock. in a report on Monday, April 28th. Finally, Stifel Nicolaus reduced their price objective on shares of Custom Truck One Source from $5.50 to $5.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Custom Truck One Source has a consensus rating of “Hold” and a consensus target price of $5.25.

Custom Truck One Source Trading Up 3.0%

Shares of NYSE CTOS opened at $4.67 on Monday. 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 stock’s 50 day moving average price is $4.12 and its two-hundred day moving average price is $4.67. Custom Truck One Source, Inc. has a 52-week low of $3.03 and a 52-week high of $6.11. The stock has a market capitalization of $1.05 billion, a P/E ratio of -29.16 and a beta of 1.18.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share 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 net margin of 2.22% and a negative return on equity of 4.57%. Custom Truck One Source’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.06) earnings per share. On average, analysts anticipate that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current fiscal year.

Custom Truck One Source 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).