Custom Truck One Source (NYSE:CTOS) Price Target Cut to $5.00 by Analysts at Oppenheimer

Custom Truck One Source (NYSE:CTOS) had its price target trimmed by Oppenheimer from $6.00 to $5.00 in a research note released on Tuesday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Separately, JPMorgan Chase & Co. cut their price objective on shares of Custom Truck One Source from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.63.

Custom Truck One Source Stock Performance

Shares of CTOS stock opened at $4.36 on Tuesday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19. The stock has a market cap of $1.03 billion, a PE ratio of -27.19 and a beta of 0.61. The stock has a 50-day moving average of $3.60 and a 200-day moving average of $4.22. Custom Truck One Source has a one year low of $3.03 and a one year high of $7.00.

Custom Truck One Source (NYSE:CTOS) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The company had revenue of $447.22 million during the quarter, compared to the consensus estimate of $448.46 million. Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share. As a group, sell-side analysts expect that Custom Truck One Source will post -0.13 earnings per share for the current year.

Insider Activity

In related news, Director Energy Capital Partners Manage sold 18,640 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $4.17, for a total transaction of $77,728.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Custom Truck One Source news, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $3.42, for a total value of $8,051,052.78. Following the completion of the sale, the insider now directly owns 23,384,879 shares in the company, valued at approximately $79,976,286.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Energy Capital Partners Manage sold 18,640 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $4.17, for a total value of $77,728.80. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Heartland Advisors Inc. bought a new position in Custom Truck One Source during the first quarter valued at $2,456,000. Koshinski Asset Management Inc. bought a new stake in Custom Truck One Source in the 1st quarter valued at about $58,000. Vanguard Group Inc. raised its stake in Custom Truck One Source by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 3,191,740 shares of the company’s stock valued at $18,576,000 after acquiring an additional 80,740 shares during the period. Clearbridge Investments LLC boosted its position in Custom Truck One Source by 2.1% during the first quarter. Clearbridge Investments LLC now owns 1,917,468 shares of the company’s stock worth $11,160,000 after purchasing an additional 38,575 shares during the period. Finally, MQS Management LLC purchased a new position in shares of Custom Truck One Source in the first quarter worth about $75,000. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

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).