GSA Capital Partners LLP Sells 398,756 Shares of Custom Truck One Source, Inc. $CTOS

GSA Capital Partners LLP lowered its stake in Custom Truck One Source, Inc. (NYSE:CTOS) by 74.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 134,467 shares of the company’s stock after selling 398,756 shares during the period. GSA Capital Partners LLP owned approximately 0.06% of Custom Truck One Source worth $863,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTOS. BNP Paribas Financial Markets increased its position in Custom Truck One Source by 92.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,859 shares of the company’s stock worth $29,000 after buying an additional 2,809 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Custom Truck One Source in the second quarter valued at approximately $35,000. Jane Street Group LLC acquired a new stake in Custom Truck One Source during the second quarter worth approximately $58,000. R Squared Ltd bought a new position in Custom Truck One Source during the 2nd quarter worth $59,000. Finally, AQR Capital Management LLC acquired a new position in Custom Truck One Source in the 1st quarter valued at $63,000. 90.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CTOS shares. JPMorgan Chase & Co. increased their target price on Custom Truck One Source from $6.00 to $6.50 and gave the stock an “underweight” rating in a report on Wednesday, January 14th. Zacks Research raised shares of Custom Truck One Source from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Robert W. Baird set a $6.50 price objective on Custom Truck One Source in a research note on Wednesday, October 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.25.

Custom Truck One Source Stock Up 2.0%

Shares of NYSE:CTOS opened at $7.55 on Friday. The firm has a market cap of $1.71 billion, a P/E ratio of -62.88 and a beta of 1.17. Custom Truck One Source, Inc. has a 12-month low of $3.18 and a 12-month high of $7.65. The business has a fifty day simple moving average of $6.40 and a 200 day simple moving average of $6.17. The company has a quick ratio of 0.22, a current ratio of 1.27 and a debt-to-equity ratio of 2.08.

Custom Truck One Source Company Profile

Custom Truck One Source, Inc (NYSE: CTOS) is a North American provider of specialty rental equipment, parts and services. The company’s fleet encompasses a wide range of assets, including cranes, aerial work platforms, trench safety and shoring equipment, fluid management solutions, generators and other industrial machinery. Customers rely on Custom Truck One Source to support projects in construction, energy, telecommunications, industrial manufacturing, municipalities and large-scale events.

Headquartered in Plano, Texas, Custom Truck One Source has expanded through a combination of organic growth and strategic acquisitions to establish a network of more than 140 branch locations across the United States and Canada.