Pine Valley Investments Ltd Liability Co Cuts Stock Position in Custom Truck One Source, Inc. (NYSE:CTOS)

Pine Valley Investments Ltd Liability Co trimmed its position in shares of Custom Truck One Source, Inc. (NYSE:CTOSFree Report) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,000 shares of the company’s stock after selling 5,000 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Custom Truck One Source were worth $451,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC raised its stake in shares of Custom Truck One Source by 3.9% during the 4th quarter. Clearbridge Investments LLC now owns 1,878,893 shares of the company’s stock worth $11,612,000 after buying an additional 70,005 shares during the last quarter. Jump Financial LLC acquired a new position in Custom Truck One Source during the fourth quarter worth about $336,000. M&T Bank Corp raised its holdings in shares of Custom Truck One Source by 9.8% in the fourth quarter. M&T Bank Corp now owns 29,489 shares of the company’s stock worth $183,000 after acquiring an additional 2,627 shares during the last quarter. Arbor Wealth Advisors LLC purchased a new stake in shares of Custom Truck One Source in the fourth quarter valued at $94,000. Finally, Canvas Wealth Advisors LLC boosted its stake in shares of Custom Truck One Source by 4.8% during the fourth quarter. Canvas Wealth Advisors LLC now owns 3,413,242 shares of the company’s stock valued at $21,299,000 after acquiring an additional 156,010 shares during the last quarter. 90.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CTOS has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Oppenheimer decreased their target price on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Finally, Robert W. Baird cut their price target on Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.80.

Get Our Latest Analysis on CTOS

Insider Activity at Custom Truck One Source

In other Custom Truck One Source news, CEO Ryan Mcmonagle purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $4.04 per share, with a total value of $40,400.00. Following the acquisition, the chief executive officer now owns 496,587 shares of the company’s stock, valued at approximately $2,006,211.48. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other Custom Truck One Source news, CFO Christopher J. Eperjesy bought 20,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of $3.90 per share, with a total value of $78,000.00. Following the purchase, the chief financial officer now directly owns 176,962 shares of the company’s stock, valued at $690,151.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcmonagle purchased 10,000 shares of Custom Truck One Source stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of $4.04 per share, with a total value of $40,400.00. Following the transaction, the chief executive officer now directly owns 496,587 shares in the company, valued at approximately $2,006,211.48. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 73,000 shares of company stock valued at $293,560. Corporate insiders own 5.30% of the company’s stock.

Custom Truck One Source Trading Down 1.9 %

Shares of CTOS traded down $0.09 during trading hours on Tuesday, hitting $4.65. The stock had a trading volume of 484,972 shares, compared to its average volume of 584,166. The firm has a market cap of $1.12 billion, a P/E ratio of 46.50 and a beta of 0.69. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.22 and a current ratio of 1.34. The company’s fifty day simple moving average is $5.21 and its 200 day simple moving average is $5.84. Custom Truck One Source, Inc. has a 12-month low of $3.61 and a 12-month high of $7.53.

Custom Truck One Source (NYSE:CTOSGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Custom Truck One Source had a net margin of 1.24% and a return on equity of 2.48%. The firm had revenue of $411.31 million during the quarter, compared to the consensus estimate of $455.98 million. During the same period in the prior year, the firm earned $0.06 earnings per share. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. Equities research analysts forecast that Custom Truck One Source, Inc. will post 0.15 EPS for the current fiscal year.

Custom Truck One Source Company 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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