10,781 Shares in Custom Truck One Source, Inc. (NYSE:CTOS) Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. purchased a new stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,781 shares of the company’s stock, valued at approximately $47,000.

Other institutional investors also recently bought and sold shares of the company. Koshinski Asset Management Inc. acquired a new position in shares of Custom Truck One Source during the 1st quarter valued at $58,000. Cetera Advisors LLC acquired a new position in shares of Custom Truck One Source during the first quarter worth about $68,000. MQS Management LLC acquired a new position in shares of Custom Truck One Source during the first quarter worth about $75,000. Price T Rowe Associates Inc. MD boosted its position in shares of Custom Truck One Source by 21.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,395 shares of the company’s stock worth $96,000 after buying an additional 2,882 shares during the period. Finally, First Merchants Corp acquired a new stake in shares of Custom Truck One Source in the second quarter valued at about $87,000. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price target on Custom Truck One Source from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Oppenheimer decreased their target price on shares of Custom Truck One Source from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus started coverage on shares of Custom Truck One Source in a research note on Friday, June 14th. They set a “hold” rating and a $5.50 price target on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $6.30.

Insider Buying and Selling at Custom Truck One Source

In other news, Director Energy Capital Partners Manage sold 18,640 shares of the business’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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Energy Capital Partners Manage sold 18,640 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $4.17, for a total value of $77,728.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Thomas R. Rich acquired 26,200 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average cost of $3.84 per share, with a total value of $100,608.00. Following the transaction, the insider now owns 224,778 shares in the company, valued at $863,147.52. The disclosure for this purchase can be found here. 5.60% of the stock is currently owned by insiders.

Custom Truck One Source Stock Up 1.1 %

CTOS stock opened at $3.69 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.20 and a debt-to-equity ratio of 1.78. The firm has a 50 day simple moving average of $4.23 and a 200-day simple moving average of $4.66. The company has a market capitalization of $887.14 million, a P/E ratio of 36.90 and a beta of 0.63. Custom Truck One Source, Inc. has a twelve month low of $3.26 and a twelve month high of $7.00.

Custom Truck One Source (NYSE:CTOS) last released its earnings results on Thursday, August 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.09). Custom Truck One Source had a negative return on equity of 1.51% and a negative net margin of 0.75%. The company had revenue of $423.00 million during the quarter, compared to the consensus estimate of $456.23 million. During the same period in the previous year, the firm posted $0.05 EPS. Custom Truck One Source’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, equities research analysts predict that Custom Truck One Source, Inc. will post -0.12 earnings per share for the current fiscal year.

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).