Custom Truck One Source’s (CTOS) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of Custom Truck One Source (NYSE:CTOS) in a report released on Tuesday morning, MarketBeat reports. Cantor Fitzgerald currently has a $14.00 price objective on the stock.

Other analysts have also issued research reports about the stock. Zacks Research lowered shares of Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings upgraded Custom Truck One Source from a “sell (d-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. DA Davidson reiterated a “buy” rating and issued a $13.00 price target on shares of Custom Truck One Source in a report on Tuesday, September 15th. Oppenheimer increased their price target on Custom Truck One Source from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, Robert W. Baird raised their price objective on Custom Truck One Source from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.00.

Custom Truck One Source Trading Up 0.9%

Shares of CTOS stock opened at $10.87 on Tuesday. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 83.63 and a beta of 1.43. Custom Truck One Source has a twelve month low of $5.18 and a twelve month high of $12.23. The company has a current ratio of 1.28, a quick ratio of 0.29 and a debt-to-equity ratio of 2.01. The firm has a 50-day moving average price of $9.39 and a 200 day moving average price of $8.81.

Custom Truck One Source (NYSE:CTOS) last posted its quarterly earnings data on Monday, October 26th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $495.22 million during the quarter, compared to analyst estimates of $516.51 million. Custom Truck One Source had a net margin of 1.44% and a return on equity of 3.63%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.03) earnings per share. Research analysts forecast that Custom Truck One Source will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CTOS. Heartland Advisors Inc. boosted its holdings in Custom Truck One Source by 42.9% in the first quarter. Heartland Advisors Inc. now owns 1,000,000 shares of the company’s stock valued at $6,570,000 after acquiring an additional 300,000 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Custom Truck One Source during the second quarter valued at about $1,842,000. Dimensional Fund Advisors LP grew its position in 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 during the period. Arrowstreet Capital Limited Partnership grew its position in Custom Truck One Source by 154.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,056,550 shares of the company’s stock valued at $6,942,000 after acquiring an additional 642,109 shares during the period. Finally, Empowered Funds LLC increased its stake in Custom Truck One Source by 9.9% during the first quarter. Empowered Funds LLC now owns 810,115 shares of the company’s stock worth $5,322,000 after acquiring an additional 72,935 shares during the last quarter. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

About Custom Truck One Source

Custom Truck One Source, Inc is a specialty equipment provider serving the utility, telecommunications, rail, and related infrastructure industries. The company sells, rents, leases, and services new and used trucks and equipment, including aerial devices, cranes, digger derricks, bucket trucks, service trucks, trailers, and other specialized vehicles.

Through its parts and service operations, Custom Truck One Source provides replacement parts, maintenance, repair, refurbishment, and field support for specialty equipment.