Custom Truck One Source (NYSE:CTOS) Shares Down 6.6% – Here’s Why

Custom Truck One Source, Inc. (NYSE:CTOS) shares traded down 6.6% on Monday . The stock traded as low as $4.71 and last traded at $4.75. 114,035 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 923,318 shares. The stock had previously closed at $5.09.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer decreased their target price on Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th.

Custom Truck One Source Stock Down 4.4 %

The firm’s 50 day moving average price is $5.11 and its two-hundred day moving average price is $4.46. The company has a current ratio of 1.28, a quick ratio of 0.19 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $1.14 billion, a P/E ratio of -30.41 and a beta of 0.79.

Institutional Investors Weigh In On Custom Truck One Source

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its stake in shares of Custom Truck One Source by 4.9% in the third quarter. Jane Street Group LLC now owns 89,432 shares of the company’s stock valued at $309,000 after buying an additional 4,155 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Custom Truck One Source by 20.5% in the 3rd quarter. D.A. Davidson & CO. now owns 29,240 shares of the company’s stock valued at $101,000 after purchasing an additional 4,975 shares during the last quarter. Stoneridge Investment Partners LLC grew its holdings in Custom Truck One Source by 22.0% during the fourth quarter. Stoneridge Investment Partners LLC now owns 30,335 shares of the company’s stock worth $146,000 after purchasing an additional 5,478 shares during the period. R Squared Ltd bought a new position in shares of Custom Truck One Source during the 4th quarter worth approximately $39,000. Finally, SG Americas Securities LLC lifted its holdings in Custom Truck One Source by 69.4% during the 4th quarter. SG Americas Securities LLC now owns 31,523 shares of the company’s stock valued at $152,000 after purchasing an additional 12,913 shares during the last quarter. 90.07% of the stock is currently owned by institutional investors and hedge funds.

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).