Oppenheimer Lowers Custom Truck One Source (NYSE:CTOS) Price Target to $5.00

Custom Truck One Source (NYSE:CTOS - Free Report) had its price target lowered by Oppenheimer from $6.00 to $5.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Separately, JPMorgan Chase & Co. reduced their price target on Custom Truck One Source from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $5.63.

Custom Truck One Source Stock Up 6.1 %

Shares of CTOS stock traded up $0.25 during trading hours on Tuesday, reaching $4.36. The company had a trading volume of 435,474 shares, compared to its average volume of 599,680. The company has a market capitalization of $1.03 billion, a P/E ratio of -27.19 and a beta of 0.61. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.19 and a current ratio of 1.28. Custom Truck One Source has a twelve month low of $3.03 and a twelve month high of $7.00. The stock's fifty day simple moving average is $3.60 and its 200 day simple moving average is $4.22.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The firm had revenue of $447.22 million for the quarter, compared to analyst estimates of $448.46 million. During the same period in the previous year, the business posted $0.04 earnings per share. Custom Truck One Source's revenue for the quarter was up 3.0% on a year-over-year basis. As a group, sell-side analysts expect that Custom Truck One Source will post -0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Custom Truck One Source news, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $3.42, for a total transaction of $8,051,052.78. Following the transaction, the insider now owns 23,384,879 shares of the company's stock, valued at $79,976,286.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Energy Capital Partners Manage sold 18,640 shares of the business's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $4.17, for a total transaction of $77,728.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the firm's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $3.42, for a total transaction of $8,051,052.78. Following the completion of the transaction, the insider now directly owns 23,384,879 shares in the company, valued at $79,976,286.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company's stock.

Institutional Trading of Custom Truck One Source

Several hedge funds have recently made changes to their positions in CTOS. Allspring Global Investments Holdings LLC lifted its stake in Custom Truck One Source by 190.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,934,780 shares of the company's stock valued at $21,466,000 after buying an additional 3,234,586 shares during the last quarter. Maven Securities LTD bought a new stake in Custom Truck One Source in the 2nd quarter valued at about $2,175,000. Heartland Advisors Inc. acquired a new position in Custom Truck One Source during the 1st quarter valued at about $2,456,000. Dimensional Fund Advisors LP grew its position in Custom Truck One Source by 22.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,246,060 shares of the company's stock worth $9,770,000 after purchasing an additional 410,895 shares during the last quarter. Finally, First Eagle Investment Management LLC acquired a new stake in shares of Custom Truck One Source in the second quarter valued at approximately $1,328,000. Institutional investors own 90.07% of the company's stock.

Custom Truck One Source Company 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).