Aristides Capital LLC Buys Shares of 22,409 Custom Truck One Source, Inc. (NYSE:CTOS)

Aristides Capital LLC bought a new stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 22,409 shares of the company’s stock, valued at approximately $130,000.

A number of other large investors have also recently bought and sold shares of CTOS. Koshinski Asset Management Inc. acquired a new stake in shares of Custom Truck One Source during the first quarter worth $58,000. MQS Management LLC acquired a new stake in shares of Custom Truck One Source during the first quarter worth $75,000. Arbor Wealth Advisors LLC acquired a new stake in shares of Custom Truck One Source during the fourth quarter worth $94,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Custom Truck One Source by 21.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,395 shares of the company’s stock worth $96,000 after purchasing an additional 2,882 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Custom Truck One Source by 851.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 16,011 shares of the company’s stock worth $99,000 after purchasing an additional 14,328 shares during the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.

Custom Truck One Source Trading Up 0.4 %

CTOS stock traded up $0.02 during trading on Friday, reaching $5.17. 422,810 shares of the stock traded hands, compared to its average volume of 674,280. The business’s 50 day moving average price is $4.56 and its 200-day moving average price is $5.37. Custom Truck One Source, Inc. has a 52-week low of $3.61 and a 52-week high of $7.53. 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 $1.24 billion, a PE ratio of 51.70 and a beta of 0.70.

Custom Truck One Source (NYSE:CTOS) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). Custom Truck One Source had a net margin of 1.24% and a return on equity of 2.48%. The firm had revenue of $411.31 million for the quarter, compared to analysts’ expectations of $455.98 million. During the same period last year, the firm posted $0.06 EPS. Custom Truck One Source’s revenue was down 9.0% on a year-over-year basis. As a group, sell-side analysts forecast that Custom Truck One Source, Inc. will post 0.12 earnings per share for the current year.

Insider Transactions at Custom Truck One Source

In related news, CFO Christopher J. Eperjesy bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was bought at an average price of $3.90 per share, with a total value of $78,000.00. Following the completion of the transaction, the chief financial officer now directly owns 176,962 shares of the company’s stock, valued at $690,151.80. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Custom Truck One Source news, CEO Ryan Mcmonagle purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $4.04 per share, for a total transaction of $40,400.00. Following the completion of the purchase, the chief executive officer now owns 496,587 shares in the company, valued at approximately $2,006,211.48. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Christopher J. Eperjesy purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price of $3.90 per share, for a total transaction of $78,000.00. Following the purchase, the chief financial officer now owns 176,962 shares of the company’s stock, valued at approximately $690,151.80. The disclosure for this purchase can be found here. Insiders purchased 73,000 shares of company stock valued at $293,560 over the last quarter. Company insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CTOS. JPMorgan Chase & Co. decreased their price objective on Custom Truck One Source from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Stifel Nicolaus assumed coverage on Custom Truck One Source in a report on Friday, June 14th. They set a “hold” rating and a $5.50 price objective on the stock. Robert W. Baird reduced their target price on 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. Finally, Oppenheimer lowered their price target on Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Monday, May 13th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.25.

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).