Custom Truck One Source, Inc. (NYSE:CTOS) Given Average Rating of “Hold” by Brokerages

Custom Truck One Source, Inc. (NYSE:CTOS) has earned an average rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $10.1429.

CTOS has been the topic of several recent analyst reports. Oppenheimer restated an “outperform” rating and set a $11.00 price objective on shares of Custom Truck One Source in a report on Friday, May 1st. Stifel Nicolaus upped their price objective on shares of Custom Truck One Source from $8.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. DA Davidson restated a “buy” rating and set a $8.50 price objective on shares of Custom Truck One Source in a report on Tuesday, April 28th. Cantor Fitzgerald upped their price objective on shares of Custom Truck One Source from $11.00 to $13.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a report on Monday, April 20th.

Custom Truck One Source Stock Up 2.6%

NYSE:CTOS opened at $10.51 on Wednesday. Custom Truck One Source has a 1-year low of $4.60 and a 1-year high of $10.61. The company has a 50-day moving average of $8.73 and a 200 day moving average of $7.22. The firm has a market cap of $2.38 billion, a PE ratio of -116.77 and a beta of 1.37. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.30 and a quick ratio of 0.25.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings data on Monday, April 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. Custom Truck One Source had a negative net margin of 0.88% and a negative return on equity of 2.18%. The firm had revenue of $461.62 million for the quarter, compared to the consensus estimate of $452.67 million. During the same quarter in the previous year, the firm earned ($0.08) EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, research analysts anticipate that Custom Truck One Source will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Custom Truck One Source

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Canvas Wealth Advisors LLC increased its holdings in Custom Truck One Source by 48.5% in the 4th quarter. Canvas Wealth Advisors LLC now owns 7,050,221 shares of the company’s stock worth $40,609,000 after buying an additional 2,303,504 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Custom Truck One Source by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,602,838 shares of the company’s stock worth $36,806,000 after purchasing an additional 741,857 shares during the period. Boston Partners grew its stake in shares of Custom Truck One Source by 0.8% during the 3rd quarter. Boston Partners now owns 5,475,307 shares of the company’s stock worth $35,150,000 after purchasing an additional 42,232 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Custom Truck One Source by 2.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,310,114 shares of the company’s stock worth $34,090,000 after purchasing an additional 112,519 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Custom Truck One Source by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,276,088 shares of the company’s stock worth $21,032,000 after purchasing an additional 135,192 shares during the period. Institutional investors and hedge funds own 90.07% of the company’s stock.

Custom Truck One Source Company Profile

Custom Truck One Source, Inc (NYSE: CTOS) is a North American provider of specialty rental equipment, parts and services. The company’s fleet encompasses a wide range of assets, including cranes, aerial work platforms, trench safety and shoring equipment, fluid management solutions, generators and other industrial machinery. Customers rely on Custom Truck One Source to support projects in construction, energy, telecommunications, industrial manufacturing, municipalities and large-scale events.

Headquartered in Plano, Texas, Custom Truck One Source has expanded through a combination of organic growth and strategic acquisitions to establish a network of more than 140 branch locations across the United States and Canada.