Maven Securities LTD Purchases Shares of 500,000 Custom Truck One Source, Inc. (NYSE:CTOS)

Maven Securities LTD purchased a new stake in Custom Truck One Source, Inc. (NYSE:CTOS) in the 2nd quarter, HoldingsChannel reports. The fund purchased 500,000 shares of the company’s stock, valued at approximately $2,175,000.

A number of other hedge funds also recently made changes to their positions in the stock. Victory Capital Management Inc. acquired a new stake in Custom Truck One Source during the 2nd quarter valued at approximately $47,000. Koshinski Asset Management Inc. acquired a new stake in shares of Custom Truck One Source during the first quarter worth $58,000. Cetera Advisors LLC acquired a new stake in shares of Custom Truck One Source during the first quarter worth $68,000. MQS Management LLC bought a new position in Custom Truck One Source during the first quarter worth $75,000. Finally, First Merchants Corp acquired a new position in Custom Truck One Source in the second quarter valued at $87,000. 90.07% of the stock is currently owned by institutional investors.

Custom Truck One Source Trading Down 4.6 %

Shares of Custom Truck One Source stock opened at $3.29 on Wednesday. The stock has a market capitalization of $790.98 million, a PE ratio of 32.90 and a beta of 0.63. Custom Truck One Source, Inc. has a 52 week low of $3.26 and a 52 week high of $7.00. The stock has a 50 day moving average price of $4.09 and a two-hundred day moving average price of $4.59. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.20 and a current ratio of 1.30.

Custom Truck One Source (NYSE:CTOS) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $423.00 million for the quarter, compared to the consensus estimate of $456.23 million. During the same quarter last year, the firm posted $0.05 EPS. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, equities analysts anticipate that Custom Truck One Source, Inc. will post -0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

CTOS has been the subject of several research analyst reports. Oppenheimer lowered their price objective on Custom Truck One Source from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Stifel Nicolaus started coverage on Custom Truck One Source in a research note on Friday, June 14th. They issued a “hold” rating and a $5.50 price target on the stock. Finally, JPMorgan Chase & Co. cut their price target on 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $6.30.

Insider Activity at Custom Truck One Source

In related news, insider Thomas R. Rich acquired 26,200 shares of the stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average cost of $3.84 per share, with a total value of $100,608.00. Following the completion of the purchase, the insider now directly owns 224,778 shares in the company, valued at approximately $863,147.52. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other Custom Truck One Source news, Director Energy Capital Partners Manage sold 18,640 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $4.17, for a total value of $77,728.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas R. Rich bought 26,200 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average price of $3.84 per share, for a total transaction of $100,608.00. Following the purchase, the insider now directly owns 224,778 shares in the company, valued at $863,147.52. The disclosure for this purchase can be found here. 5.60% of the stock is owned by insiders.

Custom Truck One Source 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).