Custom Truck One Source (NYSE:CTOS) Sees Unusually-High Trading Volume

Custom Truck One Source, Inc. (NYSE:CTOS) saw unusually-high trading volume on Monday . Approximately 368,358 shares changed hands during trading, a decline of 31% from the previous session’s volume of 534,281 shares.The stock last traded at $4.00 and had previously closed at $4.17.

Wall Street Analyst Weigh In

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

Custom Truck One Source Stock Up 3.0 %

The company’s fifty day simple moving average is $5.49 and its 200-day simple moving average is $5.91. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.34 and a quick ratio of 0.22. The firm has a market capitalization of $1.00 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 0.79 and a beta of 0.69.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTOS. Heartland Advisors Inc. acquired a new position in shares of Custom Truck One Source in the first quarter worth about $2,456,000. GSA Capital Partners LLP increased its stake in shares of Custom Truck One Source by 48.4% during the first quarter. GSA Capital Partners LLP now owns 285,810 shares of the company’s stock worth $1,663,000 after purchasing an additional 93,267 shares in the last quarter. Canvas Wealth Advisors LLC increased its stake in shares of Custom Truck One Source by 2.2% during the first quarter. Canvas Wealth Advisors LLC now owns 3,487,228 shares of the company’s stock worth $20,296,000 after purchasing an additional 73,986 shares in the last quarter. Register Financial Advisors LLC increased its stake in shares of Custom Truck One Source by 410.8% during the first quarter. Register Financial Advisors LLC now owns 179,300 shares of the company’s stock worth $1,044,000 after purchasing an additional 144,200 shares in the last quarter. Finally, Quadrature Capital Ltd increased its stake in shares of Custom Truck One Source by 9.7% during the fourth quarter. Quadrature Capital Ltd now owns 29,875 shares of the company’s stock worth $184,000 after purchasing an additional 2,636 shares in the last quarter. 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 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).