Oppenheimer Boosts Custom Truck One Source (NYSE:CTOS) Price Target to $6.00

Custom Truck One Source (NYSE:CTOS) had its price target lifted by analysts at Oppenheimer from $5.00 to $6.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target would suggest a potential upside of 22.57% from the stock’s current price.

Custom Truck One Source Trading Down 1.1 %

CTOS opened at $4.90 on Thursday. The company has a current ratio of 1.28, a quick ratio of 0.19 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $1.14 billion, a PE ratio of -30.59 and a beta of 0.67. Custom Truck One Source has a 1-year low of $3.03 and a 1-year high of $6.27. The firm has a 50-day moving average price of $4.84 and a two-hundred day moving average price of $4.51.

Insider Buying and Selling at Custom Truck One Source

In related news, major shareholder Pe One Source Holdings, Llc acquired 8,143,635 shares of the stock in a transaction on Thursday, January 30th. The stock was purchased at an average price of $4.00 per share, for a total transaction of $32,574,540.00. Following the transaction, the insider now owns 156,743,635 shares of the company’s stock, valued at $626,974,540. The trade was a 5.48 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Custom Truck One Source

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in shares of Custom Truck One Source in the 4th quarter valued at about $29,000. R Squared Ltd bought a new position in shares of Custom Truck One Source in the 4th quarter valued at about $39,000. Intech Investment Management LLC bought a new position in shares of Custom Truck One Source in the 3rd quarter valued at about $56,000. KLP Kapitalforvaltning AS bought a new position in shares of Custom Truck One Source in the 4th quarter valued at about $56,000. Finally, Two Sigma Investments LP bought a new position in shares of Custom Truck One Source in the 4th quarter valued at about $63,000. Institutional investors and hedge funds own 90.07% of the company’s stock.

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).