Custom Truck One Source, Inc. (NYSE:CTOS) Insider Buys $100,608.00 in Stock

Custom Truck One Source, Inc. (NYSE:CTOS) insider Thomas R. Rich bought 26,200 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $3.84 per share, with a total value of $100,608.00. Following the acquisition, the insider now owns 224,778 shares in the company, valued at approximately $863,147.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Custom Truck One Source Stock Performance

CTOS traded down $0.14 on Friday, hitting $4.11. 530,004 shares of the company traded hands, compared to its average volume of 607,693. Custom Truck One Source, Inc. has a 12-month low of $3.61 and a 12-month high of $7.00. The company has a 50 day moving average of $4.51 and a 200-day moving average of $5.25. The company has a quick ratio of 0.22, a current ratio of 1.34 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $988.12 million, a PE ratio of 41.10 and a beta of 0.70.

Custom Truck One Source (NYSE:CTOS) last released its earnings results on Thursday, August 1st. The company reported ($0.10) earnings per share (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 1.49%. The company had revenue of $423.00 million during the quarter, compared to analyst estimates of $456.23 million. During the same period in the previous year, the firm posted $0.05 EPS. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. Sell-side analysts anticipate that Custom Truck One Source, Inc. will post 0.12 earnings per share for the current year.

Hedge Funds Weigh In On Custom Truck One Source

A number of large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in Custom Truck One Source by 190.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,934,780 shares of the company’s stock worth $21,466,000 after purchasing an additional 3,234,586 shares during the period. Canvas Wealth Advisors LLC grew its holdings in Custom Truck One Source by 2.2% during the first quarter. Canvas Wealth Advisors LLC now owns 3,487,228 shares of the company’s stock worth $20,296,000 after acquiring an additional 73,986 shares during the period. Vanguard Group Inc. raised its position in Custom Truck One Source by 1.6% in the third quarter. Vanguard Group Inc. now owns 3,251,103 shares of the company’s stock worth $20,157,000 after acquiring an additional 52,437 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Custom Truck One Source by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,246,060 shares of the company’s stock valued at $9,770,000 after acquiring an additional 410,895 shares during the period. Finally, Clearbridge Investments LLC boosted its position in shares of Custom Truck One Source by 2.1% during the 1st quarter. Clearbridge Investments LLC now owns 1,917,468 shares of the company’s stock worth $11,160,000 after purchasing an additional 38,575 shares in the last quarter. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Wall Street Analyst Weigh In

CTOS has been the subject of a number of research reports. Robert W. Baird reduced their price target on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. JPMorgan Chase & Co. reduced their target price on Custom Truck One Source from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Stifel Nicolaus started coverage on Custom Truck One Source in a research note on Friday, June 14th. They set a “hold” rating and a $5.50 price target on the stock. Finally, Oppenheimer reduced 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 note on Wednesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.30.

About Custom Truck One Source

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).