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

Custom Truck One Source, Inc. (NYSE:CTOS) has earned an average recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $7.42.

CTOS has been the topic of a number of recent research reports. Stifel Nicolaus began 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 target on the stock. JPMorgan Chase & Co. cut their target price on 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. Oppenheimer lowered their price objective on Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. Finally, Robert W. Baird reduced their target price on Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Friday, May 3rd.

Insider Buying and Selling at Custom Truck One Source

In related news, CFO Christopher J. Eperjesy acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were bought at an average price of $3.90 per share, for a total transaction of $78,000.00. Following the acquisition, the chief financial officer now owns 176,962 shares in the company, valued at approximately $690,151.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Marshall Heinberg bought 40,000 shares of Custom Truck One Source 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 completion of the transaction, the director now directly owns 293,856 shares in the company, valued at $1,195,993.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Christopher J. Eperjesy purchased 20,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $3.90 per share, for a total transaction of $78,000.00. Following the acquisition, the chief financial officer now directly owns 176,962 shares in the company, valued at $690,151.80. The disclosure for this purchase can be found here. Insiders purchased a total of 73,000 shares of company stock valued at $293,560 in the last ninety days. Company insiders own 5.60% of the company’s stock.

Institutional Trading of Custom Truck One Source

Several institutional investors have recently made changes to their positions in the business. Canvas Wealth Advisors LLC lifted its stake 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 purchasing an additional 156,010 shares during the period. Vanguard Group Inc. lifted its position in shares of 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 buying an additional 52,437 shares during the period. Register Financial Advisors LLC boosted its stake in Custom Truck One Source by 602.0% in the 4th quarter. Register Financial Advisors LLC now owns 35,100 shares of the company’s stock valued at $217,000 after buying an additional 30,100 shares in the last quarter. SG Americas Securities LLC grew its position in Custom Truck One Source by 330.2% in the fourth quarter. SG Americas Securities LLC now owns 84,169 shares of the company’s stock valued at $520,000 after acquiring an additional 64,606 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Custom Truck One Source during the third quarter worth $169,000. 90.07% of the stock is currently owned by institutional investors and hedge funds.

Custom Truck One Source Trading Down 0.2 %

Shares of NYSE:CTOS opened at $4.34 on Friday. The firm has a fifty day moving average of $4.62 and a two-hundred day moving average of $5.61. The company has a quick ratio of 0.22, a current ratio of 1.34 and a debt-to-equity ratio of 1.66. Custom Truck One Source has a 12-month low of $3.61 and a 12-month high of $7.53. The firm has a market capitalization of $1.04 billion, a P/E ratio of 43.40 and a beta of 0.70.

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 analysts’ consensus estimates of ($0.01) by ($0.05). The firm had revenue of $411.31 million for the quarter, compared to analyst estimates of $455.98 million. Custom Truck One Source had a net margin of 1.24% and a return on equity of 2.48%. Custom Truck One Source’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. On average, equities 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).