Cetera Investment Advisers Acquires 16,432 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

Cetera Investment Advisers raised its holdings in Custom Truck One Source, Inc. (NYSE:CTOS) by 160.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,659 shares of the company’s stock after buying an additional 16,432 shares during the quarter. Cetera Investment Advisers’ holdings in Custom Truck One Source were worth $128,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in Custom Truck One Source in the 4th quarter valued at $29,000. R Squared Ltd bought a new stake in shares of Custom Truck One Source in the 4th quarter worth about $39,000. KLP Kapitalforvaltning AS bought a new stake in shares of Custom Truck One Source in the 4th quarter worth about $56,000. Platform Technology Partners bought a new stake in shares of Custom Truck One Source in the 4th quarter worth about $66,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Custom Truck One Source by 18.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,394 shares of the company’s stock worth $94,000 after purchasing an additional 2,999 shares during the last quarter. Institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Stock Down 1.6%

Shares of NYSE CTOS opened at $4.23 on Tuesday. The firm’s 50-day simple moving average is $4.11 and its 200 day simple moving average is $4.69. The company has a market cap of $954.50 million, a price-to-earnings ratio of -26.44 and a beta of 1.18. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87. Custom Truck One Source, Inc. has a 12-month low of $3.03 and a 12-month high of $6.11.

Custom Truck One Source (NYSE:CTOS) last released its earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The business had revenue of $422.23 million for the quarter, compared to analyst estimates of $435.19 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, research analysts expect that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CTOS has been the topic of several analyst reports. Robert W. Baird lowered shares of Custom Truck One Source from an “outperform” rating to a “neutral” rating and set a $5.00 target price on the stock. in a report on Monday, April 28th. Stifel Nicolaus reduced their price target on shares of Custom Truck One Source from $5.50 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Oppenheimer upped their price target on shares of Custom Truck One Source from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Finally, Baird R W downgraded shares of Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 28th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.25.

Custom Truck One Source 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).