Cornerstone Investment Partners LLC Acquires Shares of 62,337 Custom Truck One Source, Inc. $CTOS

Cornerstone Investment Partners LLC bought a new position in shares of Custom Truck One Source, Inc. (NYSE:CTOS) in the second quarter, Holdings Channel reports. The firm bought 62,337 shares of the company’s stock, valued at approximately $308,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Teacher Retirement System of Texas bought a new position in shares of Custom Truck One Source in the 1st quarter worth $43,000. Teza Capital Management LLC acquired a new position in Custom Truck One Source in the first quarter valued at about $45,000. R Squared Ltd bought a new position in Custom Truck One Source during the second quarter worth about $59,000. AQR Capital Management LLC acquired a new position in shares of Custom Truck One Source during the 1st quarter worth about $63,000. Finally, Truist Financial Corp bought a new stake in shares of Custom Truck One Source in the 2nd quarter valued at about $74,000. Institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Trading Down 1.1%

NYSE:CTOS opened at $5.81 on Friday. The company has a market cap of $1.32 billion, a P/E ratio of -48.38 and a beta of 1.26. Custom Truck One Source, Inc. has a twelve month low of $3.18 and a twelve month high of $6.78. The business has a 50 day moving average price of $6.14 and a two-hundred day moving average price of $5.42. The company has a quick ratio of 0.22, a current ratio of 1.27 and a debt-to-equity ratio of 2.08.

Custom Truck One Source (NYSE:CTOS) last posted its quarterly earnings data on Monday, October 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Custom Truck One Source had a negative net margin of 1.26% and a negative return on equity of 5.28%. The business had revenue of $482.06 million during the quarter, compared to analyst estimates of $492.12 million. During the same quarter last year, the business earned ($0.07) earnings per share. Custom Truck One Source’s revenue for the quarter was up 7.8% on a year-over-year basis. Custom Truck One Source has set its FY 2025 guidance at EPS. As a group, analysts expect that Custom Truck One Source, Inc. will post -0.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on CTOS. Stifel Nicolaus lifted their price objective on shares of Custom Truck One Source from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Custom Truck One Source from $5.50 to $6.00 and gave the company an “underweight” rating in a report on Tuesday, October 14th. Zacks Research upgraded shares of Custom Truck One Source from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, Robert W. Baird set a $6.50 target price on Custom Truck One Source in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.13.

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).