Custom Truck One Source (NYSE:CTOS) Sees Unusually-High Trading Volume

Custom Truck One Source, Inc. (NYSE:CTOS) shares saw strong trading volume on Monday . 368,358 shares changed hands during mid-day trading, a decline of 31% from the previous session’s volume of 534,281 shares.The stock last traded at $4.00 and had previously closed at $4.17.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Robert W. Baird cut their price objective 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

Custom Truck One Source Stock Up 3.0 %

The business has a fifty day moving average of $5.49 and a 200 day moving average of $5.91. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 40.50, a P/E/G ratio of 0.79 and a beta of 0.69. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.34 and a quick ratio of 0.22.

Custom Truck One Source (NYSE:CTOS) last announced its 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). The company had revenue of $411.31 million for the quarter, compared to the consensus estimate of $455.98 million. Custom Truck One Source had a return on equity of 2.48% and a net margin of 1.24%. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 EPS. On average, equities analysts predict that Custom Truck One Source, Inc. will post 0.27 earnings per share for the current year.

Institutional Investors Weigh In On Custom Truck One Source

Hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new stake in shares of Custom Truck One Source in the third quarter valued at approximately $31,000. Sherbrooke Park Advisers LLC acquired a new position in shares of Custom Truck One Source in the third quarter valued at $89,000. Arbor Wealth Advisors LLC acquired a new position in shares of Custom Truck One Source in the fourth quarter valued at $94,000. Tower Research Capital LLC TRC raised its stake in shares of Custom Truck One Source by 851.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 16,011 shares of the company’s stock valued at $99,000 after purchasing an additional 14,328 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Custom Truck One Source in the third quarter valued at $121,000. 90.07% of the stock is owned by 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).