Custom Truck One Source, Inc. (NYSE:CTOS) Stake Cut by Voya Investment Management LLC

Voya Investment Management LLC reduced its holdings in Custom Truck One Source, Inc. (NYSE:CTOS) by 15.8% in the 4th quarter, Holdings Channel reports. The fund owned 17,277 shares of the company’s stock after selling 3,254 shares during the period. Voya Investment Management LLC’s holdings in Custom Truck One Source were worth $83,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its position in Custom Truck One Source by 105.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,407,782 shares of the company’s stock worth $35,632,000 after purchasing an additional 3,796,138 shares during the last quarter. Canvas Wealth Advisors LLC increased its position in Custom Truck One Source by 8.0% in the 4th quarter. Canvas Wealth Advisors LLC now owns 4,108,354 shares of the company’s stock worth $19,761,000 after purchasing an additional 303,744 shares during the last quarter. Vanguard Group Inc. increased its position in Custom Truck One Source by 17.9% in the 4th quarter. Vanguard Group Inc. now owns 3,903,855 shares of the company’s stock worth $18,778,000 after purchasing an additional 592,571 shares during the last quarter. Boston Partners acquired a new position in Custom Truck One Source in the 4th quarter worth about $18,268,000. Finally, Dimensional Fund Advisors LP increased its position in Custom Truck One Source by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,778,062 shares of the company’s stock worth $13,362,000 after purchasing an additional 73,213 shares during the last quarter. 90.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Robert W. Baird lowered Custom Truck One Source from an “outperform” rating to a “neutral” rating and set a $5.00 target price on the stock. in a research report on Monday, April 28th. Baird R W lowered Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 28th. Stifel Nicolaus dropped their target price on Custom Truck One Source from $5.50 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Finally, Oppenheimer increased their price objective on Custom Truck One Source from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Custom Truck One Source has a consensus rating of “Hold” and a consensus target price of $5.25.

Custom Truck One Source Stock Performance

Shares of NYSE CTOS opened at $4.67 on Thursday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.19 and a current ratio of 1.28. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -29.19 and a beta of 1.18. The business’s 50-day simple moving average is $4.21 and its 200-day simple moving average is $4.70. Custom Truck One Source, Inc. has a 52 week low of $3.03 and a 52 week high of $6.11.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). The company had revenue of $422.23 million for the quarter, compared to analyst estimates of $435.19 million. Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.06) EPS. As a group, equities research analysts expect that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current fiscal year.

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).