Custom Truck One Source’s (CTOS) Buy Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Custom Truck One Source (NYSE:CTOS) in a report issued on Tuesday,Benzinga reports. DA Davidson currently has a $13.00 price target on the stock.

A number of other research analysts also recently weighed in on CTOS. Weiss Ratings upgraded shares of Custom Truck One Source from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Zacks Research downgraded shares of Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Robert W. Baird lifted their target price on shares of Custom Truck One Source from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Oppenheimer boosted their target price on shares of Custom Truck One Source from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $14.00 price target on shares of Custom Truck One Source in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.00.

Custom Truck One Source Stock Up 0.9%

CTOS stock opened at $10.87 on Tuesday. Custom Truck One Source has a twelve month low of $5.18 and a twelve month high of $12.23. The company has a quick ratio of 0.29, a current ratio of 1.28 and a debt-to-equity ratio of 2.01. The firm has a market cap of $2.47 billion, a PE ratio of 83.63 and a beta of 1.43. The business has a 50 day moving average of $9.39 and a 200 day moving average of $8.81.

Custom Truck One Source (NYSE:CTOS) last issued its earnings results on Monday, October 26th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Custom Truck One Source had a net margin of 1.44% and a return on equity of 3.63%. The business had revenue of $495.22 million during the quarter, compared to analysts’ expectations of $516.51 million. During the same period in the previous year, the company earned ($0.03) earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts forecast that Custom Truck One Source will post 0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Custom Truck One Source

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of Custom Truck One Source by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 5,602,838 shares of the company’s stock valued at $36,806,000 after acquiring an additional 741,857 shares during the period. First Trust Advisors LP lifted its holdings in shares of Custom Truck One Source by 6.4% in the 1st quarter. First Trust Advisors LP now owns 1,301,351 shares of the company’s stock worth $8,550,000 after acquiring an additional 78,476 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Custom Truck One Source by 154.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,056,550 shares of the company’s stock worth $6,942,000 after purchasing an additional 642,109 shares during the period. Heartland Advisors Inc. boosted its stake in shares of Custom Truck One Source by 42.9% during the 1st quarter. Heartland Advisors Inc. now owns 1,000,000 shares of the company’s stock worth $6,570,000 after purchasing an additional 300,000 shares during the period. Finally, Empowered Funds LLC grew its holdings in Custom Truck One Source by 9.9% during the 1st quarter. Empowered Funds LLC now owns 810,115 shares of the company’s stock valued at $5,322,000 after purchasing an additional 72,935 shares during the last quarter. 90.07% of the stock is owned by hedge funds and other institutional investors.

Custom Truck One Source Company Profile

Custom Truck One Source, Inc is a specialty equipment provider serving the utility, telecommunications, rail, and related infrastructure industries. The company sells, rents, leases, and services new and used trucks and equipment, including aerial devices, cranes, digger derricks, bucket trucks, service trucks, trailers, and other specialized vehicles.

Through its parts and service operations, Custom Truck One Source provides replacement parts, maintenance, repair, refurbishment, and field support for specialty equipment.