Price T Rowe Associates Inc. MD Buys 2,882 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

Price T Rowe Associates Inc. MD boosted its stake in Custom Truck One Source, Inc. (NYSE:CTOS) by 21.3% in the first quarter, HoldingsChannel reports. The firm owned 16,395 shares of the company’s stock after acquiring an additional 2,882 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Custom Truck One Source were worth $96,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Koshinski Asset Management Inc. bought a new stake in shares of Custom Truck One Source during the 1st quarter valued at $58,000. MQS Management LLC bought a new stake in shares of Custom Truck One Source during the 1st quarter valued at $75,000. Arbor Wealth Advisors LLC bought a new stake in shares of Custom Truck One Source during the 4th quarter valued at $94,000. M&T Bank Corp grew its position in shares of Custom Truck One Source by 9.8% during the 4th quarter. M&T Bank Corp now owns 29,489 shares of the company’s stock valued at $183,000 after acquiring an additional 2,627 shares during the period. Finally, Quadrature Capital Ltd grew its position in shares of Custom Truck One Source by 9.7% during the 4th quarter. Quadrature Capital Ltd now owns 29,875 shares of the company’s stock valued at $184,000 after acquiring an additional 2,636 shares during the period. Institutional investors own 90.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CTOS shares. Oppenheimer cut their price objective on shares of Custom Truck One Source from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. JPMorgan Chase & Co. cut their price objective on shares of Custom Truck One Source from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. 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, May 3rd. Finally, Stifel Nicolaus began coverage on shares of Custom Truck One Source in a research note on Friday, June 14th. They set a “hold” rating and a $5.50 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Custom Truck One Source currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.30.

Insiders Place Their Bets

In related news, insider Thomas R. Rich purchased 26,200 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were acquired at an average price of $3.84 per share, for a total transaction of $100,608.00. Following the purchase, the insider now directly owns 224,778 shares in the company, valued at $863,147.52. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.60% of the company’s stock.

Custom Truck One Source Stock Up 1.6 %

CTOS opened at $4.43 on Monday. 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, Inc. has a fifty-two week low of $3.61 and a fifty-two week high of $7.00. The firm’s fifty day moving average is $4.47 and its 200 day moving average is $5.16. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 44.30 and a beta of 0.70.

Custom Truck One Source (NYSE:CTOS) last released its earnings results on Thursday, August 1st. The company reported ($0.10) earnings per share 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 firm had revenue of $423.00 million for the quarter, compared to analysts’ expectations of $456.23 million. During the same quarter last year, the firm posted $0.05 EPS. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, sell-side analysts forecast that Custom Truck One Source, Inc. will post 0.12 earnings per share for the current fiscal year.

Custom Truck One Source 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).