Short Interest in Custom Truck One Source, Inc. (NYSE:CTOS) Decreases By 5.5%

Custom Truck One Source, Inc. (NYSE:CTOS) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totalling 4,810,000 shares, a drop of 5.5% from the September 15th total of 5,090,000 shares. Based on an average trading volume of 649,000 shares, the days-to-cover ratio is presently 7.4 days. Currently, 8.8% of the company’s stock are short sold.

Custom Truck One Source Stock Down 0.9 %

Shares of NYSE:CTOS opened at $3.34 on Thursday. The company has a market cap of $803.00 million, a price-to-earnings ratio of 33.40 and a beta of 0.62. The firm’s 50-day simple moving average is $3.80 and its 200-day simple moving average is $4.42. The company has a quick ratio of 0.20, a current ratio of 1.30 and a debt-to-equity ratio of 1.78. Custom Truck One Source has a fifty-two week low of $3.03 and a fifty-two week high of $7.00.

Custom Truck One Source (NYSE:CTOS) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.09). Custom Truck One Source had a negative net margin of 0.75% and a negative return on equity of 1.51%. The company had revenue of $423.00 million during the quarter, compared to analyst estimates of $456.23 million. During the same quarter last year, the business earned $0.05 EPS. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. As a group, equities research analysts predict that Custom Truck One Source will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on CTOS shares. Oppenheimer lowered their price objective on shares of Custom Truck One Source from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lowered their target price on shares of Custom Truck One Source from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.88.

Insider Buying and Selling

In other Custom Truck One Source news, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $3.42, for a total transaction of $8,051,052.78. Following the transaction, the insider now directly owns 23,384,879 shares of the company’s stock, valued at approximately $79,976,286.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Custom Truck One Source news, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $3.42, for a total transaction of $8,051,052.78. Following the transaction, the insider now directly owns 23,384,879 shares of the company’s stock, valued at approximately $79,976,286.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas R. Rich acquired 26,200 shares of the stock in a transaction on Tuesday, August 6th. The shares were acquired at an average cost of $3.84 per share, for a total transaction of $100,608.00. Following the completion of the transaction, the insider now directly owns 224,778 shares in the company, valued at $863,147.52. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 5.60% of the stock is owned by company insiders.

Institutional Trading of Custom Truck One Source

Several hedge funds and other institutional investors have recently made changes to their positions in CTOS. Victory Capital Management Inc. acquired a new stake in shares of Custom Truck One Source in the second quarter valued at about $47,000. Koshinski Asset Management Inc. acquired a new stake in shares of Custom Truck One Source in the first quarter valued at about $58,000. SG Americas Securities LLC acquired a new stake in shares of Custom Truck One Source in the third quarter valued at about $64,000. Cetera Advisors LLC acquired a new stake in shares of Custom Truck One Source in the first quarter valued at about $68,000. Finally, MQS Management LLC acquired a new stake in shares of Custom Truck One Source in the first quarter valued at about $75,000. Institutional investors and hedge funds own 90.07% of the company’s stock.

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).