15,260 Shares in Custom Truck One Source, Inc. (NYSE:CTOS) Acquired by Arbor Wealth Advisors LLC

Arbor Wealth Advisors LLC purchased a new position in shares of Custom Truck One Source, Inc. (NYSE:CTOS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,260 shares of the company’s stock, valued at approximately $94,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Canvas Wealth Advisors LLC boosted its position in shares of Custom Truck One Source by 4.8% during the fourth quarter. Canvas Wealth Advisors LLC now owns 3,413,242 shares of the company’s stock worth $21,299,000 after buying an additional 156,010 shares during the period. Sendero Wealth Management LLC boosted its position in shares of Custom Truck One Source by 15.1% during the fourth quarter. Sendero Wealth Management LLC now owns 152,800 shares of the company’s stock worth $944,000 after buying an additional 20,000 shares during the period. SG Americas Securities LLC boosted its position in shares of Custom Truck One Source by 330.2% during the fourth quarter. SG Americas Securities LLC now owns 84,169 shares of the company’s stock worth $520,000 after buying an additional 64,606 shares during the period. Register Financial Advisors LLC boosted its position in shares of Custom Truck One Source by 602.0% during the fourth quarter. Register Financial Advisors LLC now owns 35,100 shares of the company’s stock worth $217,000 after buying an additional 30,100 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Custom Truck One Source by 1.6% during the third quarter. Vanguard Group Inc. now owns 3,251,103 shares of the company’s stock worth $20,157,000 after buying an additional 52,437 shares during the period. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

Custom Truck One Source Stock Up 2.2 %

Shares of NYSE CTOS traded up $0.12 during mid-day trading on Tuesday, hitting $5.37. The company had a trading volume of 647,464 shares, compared to its average volume of 508,257. The company has a market capitalization of $1.29 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 0.98 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.41 and a quick ratio of 0.31. Custom Truck One Source, Inc. has a 1-year low of $4.41 and a 1-year high of $7.53. The business’s 50-day simple moving average is $5.89 and its 200 day simple moving average is $6.01.

Custom Truck One Source (NYSE:CTOS) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). The company had revenue of $521.75 million during the quarter, compared to analyst estimates of $468.69 million. Custom Truck One Source had a net margin of 2.72% and a return on equity of 5.55%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share. On average, analysts predict that Custom Truck One Source, Inc. will post 0.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded Custom Truck One Source from a “d” rating to a “c” rating in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.50.

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).