Paloma Partners Management Co Invests $1.19 Million in Custom Truck One Source, Inc. (NYSE:CTOS)

Paloma Partners Management Co purchased a new position in shares of Custom Truck One Source, Inc. (NYSE:CTOS) in the first quarter, HoldingsChannel.com reports. The fund purchased 205,000 shares of the company’s stock, valued at approximately $1,193,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Canvas Wealth Advisors LLC increased 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 purchasing an additional 73,986 shares in the last quarter. Vanguard Group Inc. increased its position in Custom Truck One Source by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,251,103 shares of the company’s stock worth $20,157,000 after purchasing an additional 52,437 shares in the last quarter. Clearbridge Investments LLC increased its position in Custom Truck One Source by 2.1% in the 1st quarter. Clearbridge Investments LLC now owns 1,917,468 shares of the company’s stock valued at $11,160,000 after acquiring an additional 38,575 shares during the period. Heartland Advisors Inc. acquired a new position in Custom Truck One Source in the 1st quarter valued at approximately $2,456,000. Finally, GSA Capital Partners LLP increased its position in Custom Truck One Source by 48.4% in the 1st quarter. GSA Capital Partners LLP now owns 285,810 shares of the company’s stock valued at $1,663,000 after acquiring an additional 93,267 shares during the period. Institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Stock Down 2.9 %

NYSE CTOS traded down $0.15 on Monday, hitting $5.02. 559,627 shares of the company were exchanged, compared to its average volume of 591,088. The company has a market cap of $1.21 billion, a PE ratio of 50.20 and a beta of 0.70. Custom Truck One Source, Inc. has a 12 month low of $3.61 and a 12 month high of $7.53. The stock has a fifty day moving average of $4.57 and a 200-day moving average of $5.36. The company has a current ratio of 1.34, a quick ratio of 0.22 and a debt-to-equity ratio of 1.66.

Custom Truck One Source (NYSE:CTOS) last issued its earnings results on Thursday, May 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05). The company had revenue of $411.31 million for the quarter, compared to the consensus estimate of $455.98 million. Custom Truck One Source had a return on equity of 2.48% and a net margin of 1.24%. The firm’s revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 earnings per share. As a group, analysts forecast that Custom Truck One Source, Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In other Custom Truck One Source news, CFO Christopher J. Eperjesy acquired 20,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average cost of $3.90 per share, with a total value of $78,000.00. Following the completion of the purchase, the chief financial officer now owns 176,962 shares of the company’s stock, valued at $690,151.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Custom Truck One Source news, Director Marshall Heinberg acquired 40,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average cost of $4.07 per share, with a total value of $162,800.00. Following the completion of the purchase, the director now owns 293,856 shares of the company’s stock, valued at $1,195,993.92. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Christopher J. Eperjesy acquired 20,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $3.90 per share, for a total transaction of $78,000.00. Following the completion of the purchase, the chief financial officer now directly owns 176,962 shares of the company’s stock, valued at approximately $690,151.80. The disclosure for this purchase can be found here. Insiders have purchased a total of 73,000 shares of company stock valued at $293,560 over the last ninety days. 5.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CTOS shares. Oppenheimer decreased their price target on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Monday, May 13th. Robert W. Baird reduced their price objective on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Stifel Nicolaus started coverage on shares of Custom Truck One Source in a research note on Friday, June 14th. They issued a “hold” rating and a $5.50 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Custom Truck One Source from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Custom Truck One Source has an average rating of “Moderate Buy” and a consensus price target of $7.25.

About Custom Truck One Source

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).