Custom Truck One Source (NYSE:CTOS) Shares Up 4.3% - What's Next?

Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report) traded up 4.3% during mid-day trading on Friday . The stock traded as high as $5.11 and last traded at $5.11. 83,982 shares were traded during mid-day trading, a decline of 86% from the average session volume of 604,886 shares. The stock had previously closed at $4.90.

Analyst Ratings Changes

Separately, Oppenheimer decreased their price objective on Custom Truck One Source from $6.00 to $5.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $5.63.

Custom Truck One Source Stock Up 0.6 %

The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -30.81 and a beta of 0.78. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.19 and a current ratio of 1.28. The business's 50 day moving average is $4.72 and its 200 day moving average is $4.37.

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

Institutional Investors Weigh In On Custom Truck One Source

A number of institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC raised its holdings in shares of Custom Truck One Source by 349.6% during the third quarter. Barclays PLC now owns 84,526 shares of the company's stock worth $291,000 after purchasing an additional 65,725 shares during the last quarter. Jane Street Group LLC grew its position in Custom Truck One Source by 4.9% during the 3rd quarter. Jane Street Group LLC now owns 89,432 shares of the company's stock worth $309,000 after purchasing an additional 4,155 shares during the period. Paloma Partners Management Co raised its stake in shares of Custom Truck One Source by 17.5% during the 3rd quarter. Paloma Partners Management Co now owns 256,146 shares of the company's stock valued at $884,000 after buying an additional 38,242 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Custom Truck One Source by 15.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,626 shares of the company's stock valued at $378,000 after buying an additional 14,906 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Custom Truck One Source by 1,234.8% in the 3rd quarter. FMR LLC now owns 28,846 shares of the company's stock valued at $100,000 after buying an additional 26,685 shares during the period. Institutional investors and hedge funds own 90.07% of the company's stock.

About Custom Truck One Source

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).