Custom Truck One Source (NYSE:CTOS) Reaches New 1-Year High – Here’s What Happened

Custom Truck One Source, Inc. (NYSE:CTOS)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $7.37 and last traded at $7.3940, with a volume of 96925 shares traded. The stock had previously closed at $7.29.

Analyst Ratings Changes

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

Custom Truck One Source Stock Performance

The company has a quick ratio of 0.22, a current ratio of 1.27 and a debt-to-equity ratio of 2.08. The firm has a 50-day moving average of $6.35 and a 200 day moving average of $6.15. The stock has a market capitalization of $1.68 billion, a P/E ratio of -61.63 and a beta of 1.17.

Institutional Trading of Custom Truck One Source

A number of large investors have recently bought and sold shares of the stock. EFG Asset Management North America Corp. bought a new position in shares of Custom Truck One Source in the third quarter worth about $1,762,000. Boston Partners increased its holdings in shares of Custom Truck One Source by 71.5% in the second quarter. Boston Partners now owns 5,433,075 shares of the company’s stock valued at $26,849,000 after purchasing an additional 2,264,366 shares in the last quarter. Geode Capital Management LLC raised its position in Custom Truck One Source by 12.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,346,479 shares of the company’s stock worth $6,653,000 after purchasing an additional 152,173 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Custom Truck One Source during the 2nd quarter worth $221,000. Finally, Sapient Capital LLC acquired a new position in Custom Truck One Source during the 3rd quarter worth $810,000. 90.07% of the stock is currently owned by institutional investors.

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.