Thomas R. Rich, an insider at Custom Truck One Source, Inc. (NYSE:CTOS – Free Report), bought 26,200 shares of the company’s stock on Tuesday, August 6. The shares were purchased at an average price of $3.84 per share, for a total value of $100,608.00. Following the purchase, the insider now owns 224,778 shares of the company’s stock, valued at $863,147.52. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Custom Truck One Source inventory increased 3.5%

CTOS stock opened at $4.05 on Thursday. The company has a market cap of $972.49 million, a P/E ratio of 40.45 and a beta of 0.70. Custom Truck One Source, Inc. has a 52-week low of $3.61 and a 52-week high of $7.53. The company’s 50-day average price is $4.54 and its 200-day average price is $5.26. The company has a current ratio of 1.34, a quick ratio of 0.22 and a debt-to-equity ratio of 1.66.

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

Wall Street analysts predict growth

Several analysts have recently commented on the stock. 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 10. 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 3. 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, Stifel Nicolaus initiated coverage on shares of Custom Truck One Source in a research report on Friday, June 14. They gave the company a “hold” rating and a price target of $5.50. Two equities analysts have rated the stock with a hold rating and four have given a buy rating. The company has an average rating of “Moderate Buy” and a consensus price target of $7.08, according to data from MarketBeat.

Read our latest inventory report on Custom Truck One Source

Institutional trading with Custom Truck One Source

Institutional investors have recently added to or reduced their holdings of the stock. Victory Capital Management Inc. acquired a new position in Custom Truck One Source in the second quarter valued at about $47,000. Koshinski Asset Management Inc. acquired a new position in Custom Truck One Source in the first quarter valued at about $58,000. Cetera Advisors LLC acquired a new position in Custom Truck One Source in the first quarter valued at about $68,000. MQS Management LLC acquired a new position in Custom Truck One Source in the first quarter valued at about $75,000. Finally, First Merchants Corp acquired a new position in Custom Truck One Source in the second quarter valued at about $87,000. Hedge funds and other institutional investors own 90.07% of the company’s shares.

Company profile of 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).

Further information

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