Custom Truck One Source (NYSE:CTOS) Trading Up 6.2%

Custom Truck One Source, Inc. (NYSE:CTOS) shares were up 6.2% on Tuesday . The company traded as high as $4.14 and last traded at $4.12. Approximately 500,621 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 551,003 shares. The stock had previously closed at $3.88.

Wall Street Analysts Forecast Growth

CTOS has been the subject of several research analyst reports. Robert W. Baird lowered 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 report on Friday. JPMorgan Chase & Co. cut their price target on Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $8.00.

Custom Truck One Source Stock Performance

The firm’s 50 day moving average price is $5.54 and its 200-day moving average price is $5.93. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.34 and a quick ratio of 0.22. The firm has a market cap of $973.05 million, a price-to-earnings ratio of 41.40, a P/E/G ratio of 0.79 and a beta of 0.69.

Custom Truck One Source (NYSE:CTOS) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Custom Truck One Source had a return on equity of 2.48% and a net margin of 1.24%. The company had revenue of $411.31 million for the quarter, compared to analyst estimates of $455.98 million. During the same quarter in the prior year, the company earned $0.06 earnings per share. The business’s revenue was down 9.0% compared to the same quarter last year. On average, analysts anticipate that Custom Truck One Source, Inc. will post 0.27 earnings per share for the current year.

Institutional Trading of Custom Truck One Source

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Heartland Advisors Inc. acquired a new position in shares of Custom Truck One Source during the 1st quarter worth about $2,456,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Custom Truck One Source by 9.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,156,983 shares of the company’s stock worth $13,373,000 after buying an additional 185,272 shares during the period. Canvas Wealth Advisors LLC lifted its holdings in Custom Truck One Source by 4.8% during the fourth 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. Register Financial Advisors LLC grew its stake in Custom Truck One Source by 410.8% in the first quarter. Register Financial Advisors LLC now owns 179,300 shares of the company’s stock valued at $1,044,000 after acquiring an additional 144,200 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in shares of Custom Truck One Source by 48.4% during the 1st quarter. GSA Capital Partners LLP now owns 285,810 shares of the company’s stock valued at $1,663,000 after purchasing an additional 93,267 shares in 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).