Custom Truck One Source, Inc. (NYSE:CTOS) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,778,062 shares of the company’s stock after buying an additional 73,213 shares during the period. Dimensional Fund Advisors LP’s holdings in Custom Truck One Source were worth $13,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP raised its position in Custom Truck One Source by 36.8% in the fourth quarter. First Trust Advisors LP now owns 964,571 shares of the company’s stock valued at $4,640,000 after purchasing an additional 259,722 shares during the period. Marshall Wace LLP acquired a new stake in shares of Custom Truck One Source during the 4th quarter worth about $278,000. Jump Financial LLC purchased a new stake in Custom Truck One Source in the 4th quarter valued at about $260,000. Portolan Capital Management LLC lifted its position in Custom Truck One Source by 152.8% in the fourth quarter. Portolan Capital Management LLC now owns 1,451,573 shares of the company’s stock valued at $6,982,000 after buying an additional 877,273 shares during the last quarter. Finally, Barclays PLC boosted its stake in Custom Truck One Source by 5.8% during the fourth quarter. Barclays PLC now owns 89,436 shares of the company’s stock worth $430,000 after buying an additional 4,910 shares during the period. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Stock Performance

NYSE:CTOS opened at $4.30 on Friday. The company has a market cap of $970.30 million, a price-to-earnings ratio of -26.88 and a beta of 1.18. 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, Inc. has a 52 week low of $3.03 and a 52 week high of $6.11. The company has a fifty day simple moving average of $4.22 and a two-hundred day simple moving average of $4.67.

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). The company had revenue of $422.23 million for the quarter, compared to analysts’ expectations of $435.19 million. Custom Truck One Source had a negative return on equity of 4.57% and a negative net margin of 2.22%. Custom Truck One Source’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) EPS. As a group, equities analysts anticipate that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CTOS has been the topic of a number of research analyst reports. Robert W. Baird downgraded shares of Custom Truck One Source from an “outperform” rating to a “neutral” rating and set a $5.00 price target on the stock. in a research note on Monday, April 28th. Stifel Nicolaus cut 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. Baird R W downgraded Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a report on Monday, April 28th. Finally, Oppenheimer raised their target price 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. Based on data from MarketBeat.com, Custom Truck One Source currently has a consensus rating of “Hold” and a consensus target price 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).