Custom Truck One Source (NYSE:CTOS) Trading Up 5% – Here’s What Happened

Custom Truck One Source, Inc. (NYSE:CTOS) shares were up 5% during trading on Thursday . The company traded as high as $5.28 and last traded at $5.32. Approximately 363,481 shares were traded during trading, a decline of 59% from the average daily volume of 888,328 shares. The stock had previously closed at $5.06.

Wall Street Analyst Weigh In

Separately, Oppenheimer dropped their price target on Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th.

Custom Truck One Source Stock Down 2.0 %

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 firm has a 50-day simple moving average of $5.12 and a two-hundred day simple moving average of $4.43. The company has a market cap of $1.23 billion, a PE ratio of -32.91 and a beta of 0.79.

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

Institutional Trading of Custom Truck One Source

A number of hedge funds have recently bought and sold shares of CTOS. Dimensional Fund Advisors LP lifted its stake in shares of Custom Truck One Source by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,246,060 shares of the company’s stock worth $9,770,000 after purchasing an additional 410,895 shares during the period. Maven Securities LTD purchased a new position in Custom Truck One Source during the second quarter worth about $2,175,000. SG Americas Securities LLC acquired a new stake in Custom Truck One Source in the 3rd quarter worth about $64,000. Black Diamond Financial LLC grew its holdings in Custom Truck One Source by 906.8% in the 3rd quarter. Black Diamond Financial LLC now owns 1,427,000 shares of the company’s stock valued at $4,923,000 after buying an additional 1,285,265 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Custom Truck One Source during the 3rd quarter valued at about $56,000. 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).