Custom Truck One Source (NYSE:CTOS) Shares Gap Up to $6.31

Custom Truck One Source, Inc. (NYSE:CTOS – Get Rating)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $6.31, but opened at $6.99. Custom Truck One Source shares last traded at $6.60, with a volume of 76,920 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CTOS shares. DA Davidson started coverage on shares of Custom Truck One Source in a research report on Wednesday, February 15th. They issued a “buy” rating and a $12.00 price objective for the company. Oppenheimer reissued an “outperform” rating and issued a $9.00 price objective on shares of Custom Truck One Source in a research report on Wednesday. Finally, JPMorgan Chase & Co. started coverage on shares of Custom Truck One Source in a research report on Tuesday, December 13th. They issued a “neutral” rating and a $7.50 price objective for the company. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Custom Truck One Source Stock Up 1.3 %

The company has a debt-to-equity ratio of 1.58, a current ratio of 1.43 and a quick ratio of 0.44. The firm’s 50-day moving average is $7.05 and its 200 day moving average is $6.68. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 693.69 and a beta of 0.59.

Hedge Funds Weigh In On Custom Truck One Source

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Custom Truck One Source by 14.1% during the first quarter. BlackRock Inc. now owns 3,337,485 shares of the company’s stock worth $28,002,000 after buying an additional 412,937 shares during the period. Canvas Wealth Advisors LLC grew its stake in Custom Truck One Source by 10.5% during the third quarter. Canvas Wealth Advisors LLC now owns 3,075,873 shares of the company’s stock worth $20,608,000 after buying an additional 292,826 shares during the period. Clearbridge Investments LLC grew its stake in Custom Truck One Source by 13.0% during the second quarter. Clearbridge Investments LLC now owns 2,331,511 shares of the company’s stock worth $13,056,000 after buying an additional 267,673 shares during the period. FMR LLC grew its stake in Custom Truck One Source by 3.1% during the second quarter. FMR LLC now owns 8,812,440 shares of the company’s stock worth $49,349,000 after buying an additional 266,911 shares during the period. Finally, First Trust Advisors LP grew its stake in Custom Truck One Source by 133.9% during the fourth quarter. First Trust Advisors LP now owns 440,101 shares of the company’s stock worth $2,781,000 after buying an additional 251,954 shares during the period. Institutional investors and hedge funds own 92.79% of the company’s stock.

Custom Truck One Source Company Profile

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Custom Truck One Source, Inc engages in the sale and rental of truck and heavy equipment. The firm offers aftermarket parts and service, equipment customization, remanufacturing, financing solutions, and asset disposal services. The company was founded in 1996 and is headquartered in Kansas City, MO.