Robert W. Baird Lowers Custom Truck One Source (NYSE:CTOS) Price Target to $9.00

Custom Truck One Source (NYSE:CTOSGet Rating) had its price objective decreased by analysts at Robert W. Baird to $9.00 in a research note issued on Tuesday, Stock Target Advisor reports. Robert W. Baird’s price target points to a potential upside of 41.73% from the company’s current price.

Several other brokerages have also commented on CTOS. Citigroup increased their price objective on shares of Custom Truck One Source to $8.50 in a research report on Monday, August 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Custom Truck One Source from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th.

Custom Truck One Source Stock Performance

CTOS stock opened at $6.35 on Tuesday. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 635.64 and a beta of 0.55. The firm has a 50-day simple moving average of $6.47 and a two-hundred day simple moving average of $6.12. Custom Truck One Source has a one year low of $4.53 and a one year high of $9.52. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 1.43.

Insider Buying and Selling

In other Custom Truck One Source news, CFO Christopher J. Eperjesy purchased 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were bought at an average price of $6.45 per share, for a total transaction of $193,500.00. Following the acquisition, the chief financial officer now owns 30,000 shares in the company, valued at $193,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Custom Truck One Source

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. increased its holdings in Custom Truck One Source by 214.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,666 shares of the company’s stock worth $31,000 after buying an additional 2,499 shares during the period. Amalgamated Bank acquired a new stake in shares of Custom Truck One Source during the 1st quarter worth approximately $52,000. Tower Research Capital LLC TRC grew its stake in shares of Custom Truck One Source by 107.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,480 shares of the company’s stock worth $44,000 after purchasing an additional 3,877 shares during the period. Creative Planning acquired a new stake in shares of Custom Truck One Source during the 3rd quarter worth approximately $66,000. Finally, BNP Paribas Arbitrage SNC acquired a new stake in shares of Custom Truck One Source during the 3rd quarter worth approximately $96,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

About Custom Truck One Source

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Custom Truck One Source, Inc provides specialty equipment rental services to the electric utility transmission and distribution, telecommunications, rail, other infrastructure-related industries in North America. It operates through Equipment Rental Solutions, Truck and Equipment Sales, and Aftermarket Parts and Services segments.

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