Jump Financial LLC Decreases Position in Custom Truck One Source, Inc. $CTOS

Jump Financial LLC decreased its holdings in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 72.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,000 shares of the company’s stock after selling 39,000 shares during the quarter. Jump Financial LLC’s holdings in Custom Truck One Source were worth $63,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its stake in Custom Truck One Source by 4.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 7,724,424 shares of the company’s stock worth $32,598,000 after purchasing an additional 316,642 shares during the last quarter. Canvas Wealth Advisors LLC lifted its stake in Custom Truck One Source by 8.8% during the first quarter. Canvas Wealth Advisors LLC now owns 4,468,342 shares of the company’s stock worth $17,158,000 after purchasing an additional 359,988 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Custom Truck One Source by 2.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,307,058 shares of the company’s stock worth $18,090,000 after purchasing an additional 93,090 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Custom Truck One Source by 7.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,659,904 shares of the company’s stock worth $17,604,000 after purchasing an additional 254,228 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Custom Truck One Source by 2.7% during the fourth 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. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CTOS shares. JPMorgan Chase & Co. restated an “underweight” rating and set a $5.50 target price (down previously from $6.00) on shares of Custom Truck One Source in a research note on Wednesday, August 20th. Oppenheimer set a $8.00 target price on Custom Truck One Source and gave the stock an “outperform” rating in a research note on Monday, August 4th. Finally, Stifel Nicolaus set a $7.00 price target on Custom Truck One Source and gave the stock a “buy” rating in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.38.

Custom Truck One Source Trading Down 1.1%

CTOS opened at $6.09 on Friday. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -38.03 and a beta of 1.22. Custom Truck One Source, Inc. has a 52 week low of $3.03 and a 52 week high of $6.64. The business’s 50 day moving average is $5.73 and its two-hundred day moving average is $4.85. The company has a quick ratio of 0.23, a current ratio of 1.26 and a debt-to-equity ratio of 2.01.

Custom Truck One Source (NYSE:CTOS) last released its earnings results on Wednesday, July 30th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The company had revenue of $511.48 million during the quarter, compared to analyst estimates of $460.73 million. Custom Truck One Source had a negative net margin of 1.89% and a negative return on equity of 6.61%. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.10) EPS. Custom Truck One Source has set its FY 2025 guidance at EPS. On average, research analysts predict that Custom Truck One Source, Inc. will post -0.21 EPS for the current year.

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).