Insider Buying: Custom Truck One Source, Inc. (NYSE:CTOS) Director Buys 40,000 Shares of Stock

Custom Truck One Source, Inc. (NYSE:CTOS) Director Marshall Heinberg purchased 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average price of $4.07 per share, for a total transaction of $162,800.00. Following the purchase, the director now owns 293,856 shares in the company, valued at approximately $1,195,993.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Custom Truck One Source Stock Performance

NYSE CTOS traded up $0.12 during trading on Wednesday, reaching $4.17. The company’s stock had a trading volume of 771,437 shares, compared to its average volume of 561,541. Custom Truck One Source, Inc. has a 12 month low of $3.61 and a 12 month high of $7.53. The firm has a 50 day moving average price of $5.49 and a 200 day moving average price of $5.91. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 40.50, a price-to-earnings-growth ratio of 0.79 and a beta of 0.69. The company has a current ratio of 1.34, a quick ratio of 0.22 and a debt-to-equity ratio of 1.66.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Custom Truck One Source had a net margin of 1.24% and a return on equity of 2.48%. The company had revenue of $411.31 million during the quarter, compared to the consensus estimate of $455.98 million. During the same quarter last year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was down 9.0% on a year-over-year basis. As a group, equities analysts anticipate that Custom Truck One Source, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CTOS shares. Robert W. Baird reduced their price objective on Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. JPMorgan Chase & Co. reduced their price target on Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $8.00.

Institutional Trading of Custom Truck One Source

A number of institutional investors have recently modified their holdings of CTOS. Canvas Wealth Advisors LLC increased its stake in Custom Truck One Source by 4.8% in the fourth quarter. Canvas Wealth Advisors LLC now owns 3,413,242 shares of the company’s stock valued at $21,299,000 after acquiring an additional 156,010 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Custom Truck One Source by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,251,103 shares of the company’s stock valued at $20,157,000 after purchasing an additional 52,437 shares during the last quarter. Register Financial Advisors LLC raised its holdings in shares of Custom Truck One Source by 602.0% during the 4th quarter. Register Financial Advisors LLC now owns 35,100 shares of the company’s stock worth $217,000 after buying an additional 30,100 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Custom Truck One Source by 330.2% during the 4th quarter. SG Americas Securities LLC now owns 84,169 shares of the company’s stock worth $520,000 after buying an additional 64,606 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Custom Truck One Source during the 3rd quarter worth $31,000. 90.07% of the stock is currently owned by institutional investors.

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).