Custom Truck One Source (NYSE:CTOS) Given New $7.00 Price Target at Robert W. Baird

Custom Truck One Source (NYSE:CTOS) had its target price decreased by Robert W. Baird from $8.00 to $7.00 in a research note released on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Custom Truck One Source Price Performance

Shares of NYSE:CTOS traded down $0.73 on Friday, hitting $4.17. The company’s stock had a trading volume of 2,392,718 shares, compared to its average volume of 600,693. The company has a market capitalization of $1.00 billion, a PE ratio of 41.70, a PEG ratio of 0.93 and a beta of 0.69. 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 has a 1 year low of $3.61 and a 1 year high of $7.53. The company has a 50-day simple moving average of $5.59 and a 200 day simple moving average of $5.94.

Custom Truck One Source (NYSE:CTOS) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The firm had revenue of $411.31 million for the quarter, compared to analysts’ expectations of $455.98 million. Custom Truck One Source had a net margin of 1.24% and a return on equity of 2.46%. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. Sell-side analysts forecast that Custom Truck One Source will post 0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Custom Truck One Source

Institutional investors and hedge funds have recently bought and sold shares of the stock. M&T Bank Corp grew its position in shares of Custom Truck One Source by 9.8% in the 4th quarter. M&T Bank Corp now owns 29,489 shares of the company’s stock worth $183,000 after buying an additional 2,627 shares during the last quarter. Quadrature Capital Ltd grew its position in shares of Custom Truck One Source by 9.7% in the 4th quarter. Quadrature Capital Ltd now owns 29,875 shares of the company’s stock worth $184,000 after buying an additional 2,636 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its position in shares of Custom Truck One Source by 28.5% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 22,270 shares of the company’s stock worth $138,000 after buying an additional 4,934 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Custom Truck One Source in the 3rd quarter worth approximately $31,000. Finally, Bank of New York Mellon Corp grew its position in shares of Custom Truck One Source by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 229,823 shares of the company’s stock worth $1,425,000 after buying an additional 7,299 shares during the last quarter. 90.07% of the stock is currently owned by institutional investors.

Custom Truck One Source Company Profile

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).