The Manufacturers Life Insurance Company Sells 3,590 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

The Manufacturers Life Insurance Company lowered its stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 10.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 32,174 shares of the company’s stock after selling 3,590 shares during the period. The Manufacturers Life Insurance Company’s holdings in Custom Truck One Source were worth $155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CTOS. R Squared Ltd bought a new position in Custom Truck One Source during the 4th quarter valued at about $39,000. KLP Kapitalforvaltning AS bought a new position in Custom Truck One Source during the 4th quarter valued at about $56,000. Platform Technology Partners bought a new position in Custom Truck One Source during the 4th quarter valued at about $66,000. Price T Rowe Associates Inc. MD lifted its stake in Custom Truck One Source by 18.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,394 shares of the company’s stock valued at $94,000 after acquiring an additional 2,999 shares during the period. Finally, Intech Investment Management LLC lifted its stake in Custom Truck One Source by 52.4% during the 4th quarter. Intech Investment Management LLC now owns 24,747 shares of the company’s stock valued at $119,000 after acquiring an additional 8,514 shares during the period. Institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Price Performance

NYSE CTOS opened at $4.73 on Monday. The company has a 50-day moving average price of $4.20 and a 200-day moving average price of $4.72. The firm has a market capitalization of $1.07 billion, a P/E ratio of -29.53 and a beta of 1.18. Custom Truck One Source, Inc. has a 52 week low of $3.03 and a 52 week high of $6.11. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CTOS shares. Oppenheimer upped their price target on shares of Custom Truck One Source from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Baird R W lowered shares of Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 28th. Stifel Nicolaus reduced their price target on shares of Custom Truck One Source from $5.50 to $5.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Finally, Robert W. Baird lowered shares of Custom Truck One Source from an “outperform” rating to a “neutral” rating and set a $5.00 price target for the company. in a research report on Monday, April 28th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.25.

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).