Custom Truck One Source, Inc. (NYSE:CTOS) Receives Consensus Rating of “Moderate Buy” from Analysts

Custom Truck One Source, Inc. (NYSE:CTOS) has earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $8.00.

CTOS has been the topic of several research analyst reports. Robert W. Baird decreased their price objective on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd.

Custom Truck One Source Stock Up 8.2 %

Shares of NYSE:CTOS opened at $4.51 on Friday. The firm has a fifty day moving average price of $5.41 and a two-hundred day moving average price of $5.89. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 45.10, a PEG ratio of 0.79 and a beta of 0.69. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.34 and a quick ratio of 0.22. Custom Truck One Source has a one year low of $3.61 and a one year high of $7.53.

Custom Truck One Source (NYSE:CTOS) last posted 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 net margin of 1.24% and a return on equity of 2.48%. The business had revenue of $411.31 million for the quarter, compared to the consensus estimate of $455.98 million. During the same period in the prior year, the business posted $0.06 EPS. Custom Truck One Source’s quarterly revenue was down 9.0% on a year-over-year basis. Analysts anticipate that Custom Truck One Source will post 0.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other Custom Truck One Source news, Director Marshall Heinberg bought 40,000 shares of Custom Truck One Source stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average price of $4.07 per share, with a total value of $162,800.00. Following the acquisition, the director now 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 this hyperlink. In related news, Director Marshall Heinberg bought 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average cost of $4.07 per share, for a total transaction of $162,800.00. Following the acquisition, the director now directly owns 293,856 shares of the company’s stock, valued at approximately $1,195,993.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christopher J. Eperjesy purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average cost of $3.90 per share, for a total transaction of $78,000.00. Following the completion of the purchase, 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. Over the last ninety days, insiders have acquired 63,000 shares of company stock valued at $253,160. 5.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Custom Truck One Source

Several institutional investors have recently added to or reduced their stakes in CTOS. DekaBank Deutsche Girozentrale purchased a new position in shares of Custom Truck One Source in the third quarter valued at about $31,000. Koshinski Asset Management Inc. bought a new position in Custom Truck One Source during the 1st quarter valued at approximately $58,000. Sherbrooke Park Advisers LLC purchased a new stake in Custom Truck One Source in the 3rd quarter worth approximately $89,000. Arbor Wealth Advisors LLC bought a new stake in shares of Custom Truck One Source in the 4th quarter worth approximately $94,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Custom Truck One Source by 851.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 16,011 shares of the company’s stock valued at $99,000 after buying an additional 14,328 shares during the period. Hedge funds and other institutional investors own 90.07% of the company’s stock.

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).