Custom Truck One Source, Inc. (NYSE:CTOS) CAO Raymond Todd Barrett Purchases 3,000 Shares of Stock

Custom Truck One Source, Inc. (NYSE:CTOS) CAO Raymond Todd Barrett acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average cost of $4.12 per share, with a total value of $12,360.00. Following the transaction, the chief accounting officer now owns 40,464 shares in the company, valued at $166,711.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Custom Truck One Source Price Performance

CTOS stock traded up $0.05 during trading on Friday, reaching $4.57. The company’s stock had a trading volume of 450,267 shares, compared to its average volume of 567,572. The company’s fifty day moving average is $5.41 and its 200-day moving average is $5.89. Custom Truck One Source, Inc. has a 1 year low of $3.61 and a 1 year high of $7.53. The company has a market capitalization of $1.10 billion, a P/E ratio of 45.90, a price-to-earnings-growth ratio of 0.79 and a beta of 0.69. The company has a quick ratio of 0.22, a current ratio of 1.34 and a debt-to-equity ratio of 1.66.

Custom Truck One Source (NYSE:CTOS) last released its earnings results on Thursday, May 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Custom Truck One Source had a return on equity of 2.48% and a net margin of 1.24%. The business had revenue of $411.31 million for the quarter, compared to analysts’ expectations of $455.98 million. During the same quarter in the prior year, the business posted $0.06 EPS. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. On average, research analysts expect that Custom Truck One Source, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on CTOS shares. JPMorgan Chase & Co. cut their price target on Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Robert W. Baird cut their price objective on Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.00.

Institutional Investors Weigh In On Custom Truck One Source

Institutional investors and hedge funds have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale purchased a new stake in shares of Custom Truck One Source during the 3rd quarter worth approximately $31,000. Koshinski Asset Management Inc. purchased a new position in shares of Custom Truck One Source in the 1st quarter worth $58,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Custom Truck One Source in the 3rd quarter worth about $89,000. Arbor Wealth Advisors LLC purchased a new stake in shares of Custom Truck One Source during the 4th quarter valued at about $94,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Custom Truck One Source by 851.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 16,011 shares of the company’s stock valued at $99,000 after acquiring an additional 14,328 shares during the last quarter. 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).