California State Teachers Retirement System Sells 4,003 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

California State Teachers Retirement System trimmed its holdings in Custom Truck One Source, Inc. (NYSE:CTOS) by 6.2% in the first quarter, HoldingsChannel reports. The fund owned 60,084 shares of the company’s stock after selling 4,003 shares during the period. California State Teachers Retirement System’s holdings in Custom Truck One Source were worth $350,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Canvas Wealth Advisors LLC grew its position in Custom Truck One Source by 2.2% during the 1st quarter. Canvas Wealth Advisors LLC now owns 3,487,228 shares of the company’s stock worth $20,296,000 after acquiring an additional 73,986 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Custom Truck One Source by 2.6% in the first quarter. Vanguard Group Inc. now owns 3,191,740 shares of the company’s stock worth $18,576,000 after purchasing an additional 80,740 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Custom Truck One Source by 2.1% in the first quarter. Clearbridge Investments LLC now owns 1,917,468 shares of the company’s stock worth $11,160,000 after buying an additional 38,575 shares during the period. Heartland Advisors Inc. bought a new stake in Custom Truck One Source during the 1st quarter valued at $2,456,000. Finally, GSA Capital Partners LLP boosted its position in Custom Truck One Source by 48.4% during the 1st quarter. GSA Capital Partners LLP now owns 285,810 shares of the company’s stock valued at $1,663,000 after buying an additional 93,267 shares during the period. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Stock Up 1.6 %

CTOS stock opened at $4.43 on Monday. Custom Truck One Source, Inc. has a fifty-two week low of $3.61 and a fifty-two week high of $7.00. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 44.30 and a beta of 0.70. The business’s 50 day moving average price is $4.47 and its two-hundred day moving average price is $5.16. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.22 and a current ratio of 1.34.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.09). The firm had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $456.23 million. Custom Truck One Source had a negative return on equity of 1.49% and a negative net margin of 0.75%. Custom Truck One Source’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 earnings per share. As a group, analysts forecast that Custom Truck One Source, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CTOS has been the topic of a number of analyst reports. Oppenheimer decreased their price objective on shares of Custom Truck One Source from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Robert W. Baird reduced their price target on Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. JPMorgan Chase & Co. dropped their price objective on Custom Truck One Source from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Stifel Nicolaus began coverage on Custom Truck One Source in a research note on Friday, June 14th. They set a “hold” rating and a $5.50 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.30.

Insider Buying and Selling

In related news, insider Thomas R. Rich acquired 26,200 shares of Custom Truck One Source stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average price of $3.84 per share, with a total value of $100,608.00. Following the transaction, the insider now directly owns 224,778 shares in the company, valued at $863,147.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.60% of the stock is owned by company insiders.

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).