Custom Truck One Source (NYSE:CTOS) Sets New 12-Month High – What’s Next?

Custom Truck One Source, Inc. (NYSE:CTOS) shares reached a new 52-week high during trading on Monday . The company traded as high as $6.98 and last traded at $6.9450, with a volume of 275753 shares. The stock had previously closed at $6.87.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Custom Truck One Source from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. increased their price target on shares of Custom Truck One Source from $6.00 to $6.50 and gave the company an “underweight” rating in a research report on Wednesday, January 14th. Finally, Robert W. Baird set a $6.50 price objective on shares of Custom Truck One Source in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Custom Truck One Source presently has a consensus rating of “Hold” and a consensus price target of $7.25.

Custom Truck One Source Stock Performance

The company has a market capitalization of $1.56 billion, a PE ratio of -57.50 and a beta of 1.17. The stock’s fifty day simple moving average is $6.20 and its 200-day simple moving average is $6.09. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.22 and a current ratio of 1.27.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. M&T Bank Corp boosted its holdings in shares of Custom Truck One Source by 7.6% during the second quarter. M&T Bank Corp now owns 26,222 shares of the company’s stock worth $130,000 after purchasing an additional 1,848 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Custom Truck One Source by 6.8% during the second quarter. The Manufacturers Life Insurance Company now owns 37,448 shares of the company’s stock worth $185,000 after buying an additional 2,371 shares during the period. Stoneridge Investment Partners LLC boosted its stake in Custom Truck One Source by 8.2% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 32,813 shares of the company’s stock worth $211,000 after buying an additional 2,478 shares during the last quarter. TD Asset Management Inc grew its holdings in Custom Truck One Source by 1.8% in the 2nd quarter. TD Asset Management Inc now owns 148,438 shares of the company’s stock valued at $733,000 after buying an additional 2,590 shares during the period. Finally, Legal & General Group Plc grew its holdings in Custom Truck One Source by 4.6% in the 3rd quarter. Legal & General Group Plc now owns 60,973 shares of the company’s stock valued at $391,000 after buying an additional 2,692 shares during the period. 90.07% of the stock is currently owned by institutional investors and hedge funds.

Custom Truck One Source Company Profile

Custom Truck One Source, Inc (NYSE: CTOS) is a North American provider of specialty rental equipment, parts and services. The company’s fleet encompasses a wide range of assets, including cranes, aerial work platforms, trench safety and shoring equipment, fluid management solutions, generators and other industrial machinery. Customers rely on Custom Truck One Source to support projects in construction, energy, telecommunications, industrial manufacturing, municipalities and large-scale events.

Headquartered in Plano, Texas, Custom Truck One Source has expanded through a combination of organic growth and strategic acquisitions to establish a network of more than 140 branch locations across the United States and Canada.