Heartland Advisors Inc. Grows Holdings in Custom Truck One Source, Inc. $CTOS

Heartland Advisors Inc. boosted its position in Custom Truck One Source, Inc. (NYSE:CTOS) by 42.9% in the first quarter, HoldingsChannel reports. The firm owned 1,000,000 shares of the company’s stock after buying an additional 300,000 shares during the quarter. Heartland Advisors Inc.’s holdings in Custom Truck One Source were worth $6,570,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC purchased a new stake in Custom Truck One Source in the 4th quarter valued at about $28,000. BNP Paribas Financial Markets boosted its stake in shares of Custom Truck One Source by 92.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,859 shares of the company’s stock worth $29,000 after buying an additional 2,809 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Custom Truck One Source in the 2nd quarter worth approximately $35,000. Oak Thistle LLC bought a new position in shares of Custom Truck One Source in the fourth quarter valued at approximately $58,000. Finally, Jane Street Group LLC bought a new position in shares of Custom Truck One Source in the second quarter valued at approximately $58,000. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Stock Performance

NYSE CTOS opened at $10.37 on Monday. The company’s 50 day moving average is $10.31 and its 200-day moving average is $8.14. Custom Truck One Source, Inc. has a 12-month low of $5.18 and a 12-month high of $12.23. The company has a quick ratio of 0.25, a current ratio of 1.30 and a debt-to-equity ratio of 2.02. The firm has a market cap of $2.35 billion, a P/E ratio of -115.20 and a beta of 1.34.

Custom Truck One Source (NYSE:CTOS) last announced its quarterly earnings results on Monday, April 27th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The company had revenue of $461.62 million for the quarter, compared to analysts’ expectations of $452.67 million. Custom Truck One Source had a negative net margin of 0.88% and a negative return on equity of 2.18%. Custom Truck One Source’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.08) EPS. Sell-side analysts predict that Custom Truck One Source, Inc. will post 0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a report on Monday, April 20th. Oppenheimer restated an “outperform” rating and issued a $11.00 price objective on shares of Custom Truck One Source in a research note on Friday, May 1st. Cantor Fitzgerald raised their target price on Custom Truck One Source from $11.00 to $13.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Stifel Nicolaus lifted their target price on Custom Truck One Source from $8.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Custom Truck One Source from $6.00 to $8.00 and gave the stock an “underweight” rating in a report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.14.

About Custom Truck One Source

Custom Truck One Source, Inc (NYSE: CTOS) is a North American provider of specialty rental equipment, parts and services. The company’s fleet encompasses a wide range of assets, including cranes, aerial work platforms, trench safety and shoring equipment, fluid management solutions, generators and other industrial machinery. Customers rely on Custom Truck One Source to support projects in construction, energy, telecommunications, industrial manufacturing, municipalities and large-scale events.

Headquartered in Plano, Texas, Custom Truck One Source has expanded through a combination of organic growth and strategic acquisitions to establish a network of more than 140 branch locations across the United States and Canada.