UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 14,906 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Custom Truck One Source, Inc. (NYSE:CTOS) by 15.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 109,626 shares of the company’s stock after purchasing an additional 14,906 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Custom Truck One Source were worth $378,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. bought a new position in Custom Truck One Source in the 2nd quarter valued at $47,000. Intech Investment Management LLC purchased a new position in shares of Custom Truck One Source in the 3rd quarter worth about $56,000. SG Americas Securities LLC bought a new position in Custom Truck One Source during the third quarter valued at about $64,000. FMR LLC increased its holdings in Custom Truck One Source by 1,234.8% during the third quarter. FMR LLC now owns 28,846 shares of the company’s stock worth $100,000 after buying an additional 26,685 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in Custom Truck One Source by 20.5% in the third quarter. D.A. Davidson & CO. now owns 29,240 shares of the company’s stock worth $101,000 after acquiring an additional 4,975 shares during the period. 90.07% of the stock is owned by institutional investors.

Custom Truck One Source Trading Up 0.6 %

Shares of CTOS stock opened at $4.93 on Friday. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -30.81 and a beta of 0.78. The company’s fifty day simple moving average is $4.75 and its two-hundred day simple moving average is $4.37. Custom Truck One Source, Inc. has a 1 year low of $3.03 and a 1 year high of $7.00. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19.

Custom Truck One Source (NYSE:CTOS) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The company had revenue of $447.22 million for the quarter, compared to the consensus estimate of $448.46 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, analysts anticipate that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer decreased their price target on shares of 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. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $5.63.

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).