Custom Truck One Source, Inc. (NYSE:CTOS – Free Report) has received a consensus recommendation of “Moderate Buy” from the five research firms that cover the company, MarketBeat reports. Two investment analysts have rated the stock with a Hold rating and three have given a Buy rating. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $6.30.

Several brokerage firms have commented on CTOS. JPMorgan Chase & Co. decreased their price target on shares of Custom Truck One Source from $6.00 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Stifel Nicolaus began coverage on shares of Custom Truck One Source in a research report on Friday, June 14th. They gave the company a “hold” rating and a $5.50 price target. Oppenheimer decreased their price target on shares of Custom Truck One Source from $7.00 to $6.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Robert W. Baird decreased their price target on shares of Custom Truck One Source from $8.00 to $7.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd.

Check out our latest analysis on Custom Truck One Source

Insiders place their bets

In related news, insider Thomas R. Rich bought 26,200 shares of the company’s stock on Tuesday, August 6. The shares were acquired at an average price of $3.84 per share, for a total value of $100,608.00. Following the transaction, the insider now owns 224,778 shares of the company’s stock, valued at approximately $863,147.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.60% of the shares are currently owned by insiders.

Institutional inflows and outflows

Several institutional investors and hedge funds have recently changed their holdings in the company. M&T Bank Corp increased its stake 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 valued at $183,000 after purchasing an additional 2,627 shares in the last quarter. Quadrature Capital Ltd increased its stake 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 valued at $184,000 after purchasing an additional 2,636 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Custom Truck One Source by 21.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,395 shares of the company’s stock valued at $96,000 after purchasing an additional 2,882 shares in the last quarter. Koshinski Asset Management Inc. acquired a new position in shares of Custom Truck One Source in the 1st quarter valued at $58,000. Finally, Sendero Wealth Management LLC increased its stake in shares of Custom Truck One Source by 6.5% in the 2nd quarter. Sendero Wealth Management LLC now owns 162,800 shares of the company’s stock valued at $708,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Custom built truck. One source. Value for money

NYSE CTOS shares opened at $4.11 on Friday. Custom Truck One Source has a 52-week low of $3.61 and a 52-week high of $7.00. The company has a 50-day moving average of $4.51 and a 200-day moving average of $5.24. The company has a market cap of $988.12 million, a price-to-earnings ratio of 41.10 and a beta of 0.70. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.22 and a current ratio of 1.34.

Custom Truck One Source (NYSE:CTOS – Get Free Report) last announced its earnings results on Thursday, August 1. The company reported earnings per share of ($0.10) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.09). Custom Truck One Source had a negative net margin of 0.75% and a negative return on equity of 1.49%. The company posted revenue of $423.00 million for the quarter, compared to the consensus estimate of $456.23 million. During the same period last year, the company posted earnings per share of $0.05. Custom Truck One Source’s revenue for the quarter decreased 7.4% year-over-year. Analysts expect Custom Truck One Source to report earnings per share of $0.12 for the current fiscal year.

About Custom Truck One Source

(Get free report

Custom Truck One Source, Inc. provides specialty equipment rental and sales services to the power transmission and distribution, telecommunications, railroad, 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).

Recommended Stories

Get daily news and reviews for Custom Truck One Source – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Custom Truck One Source and related companies with MarketBeat.com’s FREE daily email newsletter.