Custom Truck One Source (NYSE:CTOS) Stock Price Up 6.2%

Custom Truck One Source, Inc. (NYSE:CTOS) shares were up 6.2% on Tuesday . The stock traded as high as $4.14 and last traded at $4.12. Approximately 500,621 shares were traded during trading, a decline of 9% from the average daily volume of 551,003 shares. The stock had previously closed at $3.88.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Robert W. Baird cut their price objective on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Custom Truck One Source currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

Custom Truck One Source Stock Up 4.4 %

The stock’s fifty day moving average price is $5.54 and its 200 day moving average price is $5.93. The company has a current ratio of 1.34, a quick ratio of 0.22 and a debt-to-equity ratio of 1.66. The stock has a market cap of $973.05 million, a P/E ratio of 41.40, a price-to-earnings-growth ratio of 0.79 and a beta of 0.69.

Custom Truck One Source (NYSE:CTOS) last released its earnings results on Thursday, May 2nd. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $411.31 million during the quarter, compared to the consensus estimate of $455.98 million. During the same period in the prior year, the company earned $0.06 EPS. The firm’s revenue was down 9.0% compared to the same quarter last year. As a group, research analysts forecast that Custom Truck One Source, Inc. will post 0.27 earnings per share for the current fiscal year.

Institutional Trading of Custom Truck One Source

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Custom Truck One Source during the third quarter valued at about $121,000. Bank of New York Mellon Corp boosted its holdings in Custom Truck One Source by 3.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 229,823 shares of the company’s stock valued at $1,425,000 after acquiring an additional 7,299 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Custom Truck One Source by 9.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,156,983 shares of the company’s stock worth $13,373,000 after acquiring an additional 185,272 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its stake in 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 purchasing an additional 4,934 shares during the period. Finally, R.P. Boggs & Co. lifted its position in Custom Truck One Source by 5.2% in the third quarter. R.P. Boggs & Co. now owns 994,203 shares of the company’s stock valued at $6,164,000 after purchasing an additional 48,995 shares during the last quarter. 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).