22,409 Shares in Custom Truck One Source, Inc. (NYSE:CTOS) Acquired by Aristides Capital LLC

Aristides Capital LLC purchased a new position in shares of Custom Truck One Source, Inc. (NYSE:CTOS) during the 1st quarter, Holdings Channel.com reports. The firm purchased 22,409 shares of the company’s stock, valued at approximately $130,000.

Several other large investors have also made changes to their positions in the company. Canvas Wealth Advisors LLC boosted its position in shares of 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 in the last quarter. Vanguard Group Inc. lifted its stake in Custom Truck One Source by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,251,103 shares of the company’s stock valued at $20,157,000 after purchasing an additional 52,437 shares during the last quarter. Clearbridge Investments LLC lifted its stake 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 purchasing an additional 38,575 shares during the last quarter. Heartland Advisors Inc. bought a new position in Custom Truck One Source in the 1st quarter valued at approximately $2,456,000. Finally, GSA Capital Partners LLP lifted its stake 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 purchasing an additional 93,267 shares during the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.

Custom Truck One Source Trading Up 0.4 %

Shares of CTOS stock traded up $0.02 during trading hours on Friday, hitting $5.17. 422,810 shares of the company’s stock traded hands, compared to its average volume of 674,280. The stock’s 50 day simple moving average is $4.56 and its 200 day simple moving average is $5.37. The stock has a market cap of $1.24 billion, a PE ratio of 51.70 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 company has a quick ratio of 0.22, a current ratio of 1.34 and a debt-to-equity ratio of 1.66.

Custom Truck One Source (NYSE:CTOS) last released its quarterly 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 business had revenue of $411.31 million for the quarter, compared to the consensus estimate of $455.98 million. Custom Truck One Source had a net margin of 1.24% and a return on equity of 2.48%. Custom Truck One Source’s revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. On average, sell-side analysts anticipate that Custom Truck One Source, Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

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

Insider Activity

In other news, CEO Ryan Mcmonagle acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was bought at an average cost of $4.04 per share, for a total transaction of $40,400.00. Following the completion of the transaction, the chief executive officer now directly owns 496,587 shares in the company, valued at approximately $2,006,211.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Ryan Mcmonagle acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was bought at an average cost of $4.04 per share, for a total transaction of $40,400.00. Following the completion of the transaction, the chief executive officer now directly owns 496,587 shares in the company, valued at approximately $2,006,211.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Christopher J. Eperjesy acquired 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average price of $3.90 per share, with a total value of $78,000.00. Following the completion of the transaction, the chief financial officer now owns 176,962 shares of the company’s stock, valued at $690,151.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 73,000 shares of company stock valued at $293,560. Insiders own 5.60% of the company’s stock.

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).