EFG Asset Management North America Corp. Buys Shares of 274,670 Custom Truck One Source, Inc. $CTOS

EFG Asset Management North America Corp. purchased a new position in shares of Custom Truck One Source, Inc. (NYSE:CTOS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 274,670 shares of the company’s stock, valued at approximately $1,762,000. EFG Asset Management North America Corp. owned about 0.12% of Custom Truck One Source as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. BNP Paribas Financial Markets increased its position in Custom Truck One Source by 92.1% in the second quarter. BNP Paribas Financial Markets now owns 5,859 shares of the company’s stock worth $29,000 after buying an additional 2,809 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Custom Truck One Source during the 2nd quarter worth $35,000. Jane Street Group LLC purchased a new stake in Custom Truck One Source in the 2nd quarter worth about $58,000. R Squared Ltd bought a new stake in Custom Truck One Source in the 2nd quarter valued at about $59,000. Finally, AQR Capital Management LLC purchased a new stake in Custom Truck One Source during the first quarter valued at about $63,000. Institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Trading Up 0.9%

Shares of CTOS stock opened at $6.40 on Wednesday. The company has a market capitalization of $1.45 billion, a PE ratio of -53.33 and a beta of 1.16. Custom Truck One Source, Inc. has a 52-week low of $3.18 and a 52-week high of $6.78. The business’s fifty day moving average is $6.10 and its 200 day moving average is $6.04. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.22 and a current ratio of 1.27.

Custom Truck One Source (NYSE:CTOS) last posted its earnings results on Monday, October 27th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Custom Truck One Source had a negative return on equity of 5.28% and a negative net margin of 1.26%.The business had revenue of $482.06 million for the quarter, compared to analysts’ expectations of $492.12 million. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. Custom Truck One Source’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that Custom Truck One Source, Inc. will post -0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CTOS. JPMorgan Chase & Co. lifted their target price on shares of Custom Truck One Source from $6.00 to $6.50 and gave the stock an “underweight” rating in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Wednesday, January 21st. Zacks Research upgraded Custom Truck One Source from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Stifel Nicolaus lifted their price target on Custom Truck One Source from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, Robert W. Baird set a $6.50 price objective on Custom Truck One Source in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.25.

Custom Truck One Source Company Profile

Custom Truck One Source, Inc (NYSE: CTOS) is a North American provider of specialty rental equipment, parts and services. The company’s fleet encompasses a wide range of assets, including cranes, aerial work platforms, trench safety and shoring equipment, fluid management solutions, generators and other industrial machinery. Customers rely on Custom Truck One Source to support projects in construction, energy, telecommunications, industrial manufacturing, municipalities and large-scale events.

Headquartered in Plano, Texas, Custom Truck One Source has expanded through a combination of organic growth and strategic acquisitions to establish a network of more than 140 branch locations across the United States and Canada.