16,233 Shares in Custom Truck One Source, Inc. (NYSE:CTOS) Purchased by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in Custom Truck One Source, Inc. (NYSE:CTOS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,233 shares of the company’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Victory Capital Management Inc. bought a new position in shares of Custom Truck One Source during the 2nd quarter valued at approximately $47,000. SG Americas Securities LLC purchased a new stake in shares of Custom Truck One Source in the third quarter valued at $64,000. Cetera Advisors LLC bought a new position in shares of Custom Truck One Source during the first quarter valued at approximately $68,000. First Merchants Corp purchased a new stake in Custom Truck One Source in the second quarter worth $87,000. Finally, Price T Rowe Associates Inc. MD lifted its position 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. 90.07% of the stock is currently owned by institutional investors.

Custom Truck One Source Stock Performance

Shares of CTOS stock opened at $5.69 on Monday. Custom Truck One Source, Inc. has a 52-week low of $3.03 and a 52-week high of $7.00. The company’s 50 day moving average is $4.37 and its 200 day moving average is $4.34. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -35.56 and a beta of 0.78. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87.

Custom Truck One Source (NYSE:CTOS) last announced its earnings results on Wednesday, October 30th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Custom Truck One Source had a negative return on equity of 4.57% and a negative net margin of 2.22%. The firm had revenue of $447.22 million during the quarter, compared to the consensus estimate of $448.46 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Custom Truck One Source, Inc. will post -0.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Oppenheimer dropped their price objective on Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $5.63.

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).