Custom Truck One Source, Inc. (NYSE:CTOS) Receives $7.42 Consensus PT from Analysts

Custom Truck One Source, Inc. (NYSE:CTOS) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $7.42.

CTOS has been the subject of a number of recent analyst reports. Oppenheimer dropped their price objective on Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. Stifel Nicolaus initiated coverage on shares of Custom Truck One Source in a report on Friday, June 14th. They set a “hold” rating and a $5.50 price objective for the company. JPMorgan Chase & Co. lowered their target price on shares of Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, Robert W. Baird cut their target price on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd.

Insider Activity at Custom Truck One Source

In related news, Director Marshall Heinberg bought 40,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was purchased at an average price of $4.07 per share, for a total transaction of $162,800.00. Following the acquisition, the director now owns 293,856 shares in the company, valued at $1,195,993.92. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Marshall Heinberg purchased 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average cost of $4.07 per share, with a total value of $162,800.00. Following the purchase, the director now owns 293,856 shares in the company, valued at $1,195,993.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcmonagle acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was purchased at an average cost of $4.04 per share, with a total value of $40,400.00. Following the purchase, the chief executive officer now owns 496,587 shares of the company’s stock, valued at $2,006,211.48. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 73,000 shares of company stock valued at $293,560. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CTOS. Canvas Wealth Advisors LLC grew its stake in Custom Truck One Source by 4.8% in the 4th quarter. Canvas Wealth Advisors LLC now owns 3,413,242 shares of the company’s stock worth $21,299,000 after acquiring an additional 156,010 shares in the last quarter. Vanguard Group Inc. increased its holdings in Custom Truck One Source by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,251,103 shares of the company’s stock worth $20,157,000 after purchasing an additional 52,437 shares during the period. Register Financial Advisors LLC raised its position in Custom Truck One Source by 602.0% during the 4th quarter. Register Financial Advisors LLC now owns 35,100 shares of the company’s stock valued at $217,000 after purchasing an additional 30,100 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Custom Truck One Source by 330.2% in the 4th quarter. SG Americas Securities LLC now owns 84,169 shares of the company’s stock worth $520,000 after buying an additional 64,606 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of Custom Truck One Source in the 3rd quarter worth $169,000. 90.07% of the stock is currently owned by institutional investors.

Custom Truck One Source Price Performance

Shares of NYSE:CTOS opened at $4.45 on Friday. The company has a market capitalization of $1.07 billion, a P/E ratio of 44.45 and a beta of 0.70. Custom Truck One Source has a 1-year low of $3.61 and a 1-year high of $7.53. The firm’s 50 day simple moving average is $4.69 and its two-hundred day simple moving average is $5.65. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.34 and a quick ratio of 0.22.

Custom Truck One Source (NYSE:CTOS) last released its earnings results on Thursday, May 2nd. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). Custom Truck One Source had a net margin of 1.24% and a return on equity of 2.48%. The firm had revenue of $411.31 million for the quarter, compared to analysts’ expectations of $455.98 million. During the same quarter last year, the firm posted $0.06 EPS. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. Research analysts expect that Custom Truck One Source will post 0.15 EPS for the current fiscal 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).