Black Diamond Financial LLC Has $617,000 Stock Position in Custom Truck One Source, Inc. (NYSE:CTOS)

Black Diamond Financial LLC boosted its stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 16.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 141,735 shares of the company’s stock after buying an additional 20,100 shares during the quarter. Black Diamond Financial LLC’s holdings in Custom Truck One Source were worth $617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Koshinski Asset Management Inc. acquired a new position in shares of Custom Truck One Source during the first quarter valued at about $58,000. Victory Capital Management Inc. acquired a new position in Custom Truck One Source in the 2nd quarter valued at approximately $47,000. Cetera Advisors LLC bought a new stake in shares of Custom Truck One Source in the 1st quarter worth approximately $68,000. MQS Management LLC acquired a new stake in shares of Custom Truck One Source during the 1st quarter worth approximately $75,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Custom Truck One Source by 21.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,395 shares of the company’s stock valued at $96,000 after purchasing an additional 2,882 shares during the period. 90.07% of the stock is owned by institutional investors.

Insider Transactions at Custom Truck One Source

In other Custom Truck One Source news, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of Custom Truck One Source stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $3.42, for a total value of $8,051,052.78. Following the completion of the transaction, the insider now owns 23,384,879 shares in the company, valued at approximately $79,976,286.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Thomas R. Rich bought 26,200 shares of Custom Truck One Source stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of $3.84 per share, for a total transaction of $100,608.00. Following the completion of the transaction, the insider now owns 224,778 shares of the company’s stock, valued at $863,147.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $3.42, for a total transaction of $8,051,052.78. Following the sale, the insider now directly owns 23,384,879 shares in the company, valued at $79,976,286.18. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Custom Truck One Source Stock Up 4.8 %

Shares of NYSE CTOS opened at $3.73 on Monday. The business has a fifty day moving average of $4.32 and a two-hundred day moving average of $4.78. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.20 and a current ratio of 1.30. Custom Truck One Source, Inc. has a 52-week low of $3.26 and a 52-week high of $7.00. The stock has a market cap of $896.76 million, a PE ratio of 37.30 and a beta of 0.63.

Custom Truck One Source (NYSE:CTOS) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.09). The firm had revenue of $423.00 million during the quarter, compared to analyst estimates of $456.23 million. Custom Truck One Source had a negative net margin of 0.75% and a negative return on equity of 1.51%. Custom Truck One Source’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 earnings per share. As a group, equities research analysts expect that Custom Truck One Source, Inc. will post -0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on CTOS. Oppenheimer decreased their price target on shares of Custom Truck One Source from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. decreased their target price on shares of Custom Truck One Source from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Finally, Stifel Nicolaus initiated coverage on shares of Custom Truck One Source in a research report on Friday, June 14th. They issued a “hold” rating and a $5.50 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Custom Truck One Source currently has an average rating of “Moderate Buy” and an average price target of $6.30.

Custom Truck One Source Company 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).