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

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $10.1429.

CTOS has been the subject of several analyst reports. Stifel Nicolaus upped their target price on Custom Truck One Source from $8.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. raised their target price on Custom Truck One Source from $6.00 to $8.00 and gave the company an “underweight” rating in a report on Wednesday, April 29th. Capital One Financial set a $13.00 price target on Custom Truck One Source in a research report on Tuesday, May 26th. DA Davidson restated a “buy” rating and issued a $8.50 price target on shares of Custom Truck One Source in a report on Tuesday, April 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Monday, April 20th.

Institutional Investors Weigh In On Custom Truck One Source

A number of large investors have recently added to or reduced their stakes in CTOS. Canvas Wealth Advisors LLC increased its stake in Custom Truck One Source by 48.5% during 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. M&T Bank Corp boosted its position in Custom Truck One Source by 3,477.5% in the 4th quarter. M&T Bank Corp now owns 938,098 shares of the company’s stock valued at $5,403,000 after buying an additional 911,876 shares during the last quarter. First Trust Advisors LP boosted its position in Custom Truck One Source by 221.9% in the 4th quarter. First Trust Advisors LP now owns 1,222,875 shares of the company’s stock valued at $7,044,000 after buying an additional 842,964 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in shares of Custom Truck One Source by 42.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,500,229 shares of the company’s stock valued at $14,401,000 after acquiring an additional 750,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Custom Truck One Source by 15.3% during the first quarter. Dimensional Fund Advisors LP now owns 5,602,838 shares of the company’s stock valued at $36,806,000 after acquiring an additional 741,857 shares in the last quarter. 90.07% of the stock is owned by institutional investors and hedge funds.

Custom Truck One Source Stock Performance

NYSE:CTOS opened at $10.06 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.25 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of -111.73 and a beta of 1.34. The firm’s fifty day simple moving average is $10.13 and its 200 day simple moving average is $7.83. Custom Truck One Source has a twelve month low of $4.97 and a twelve month high of $12.23.

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

About Custom Truck One Source

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.