Truist Financial Corp Makes New $74,000 Investment in Custom Truck One Source, Inc. $CTOS

Truist Financial Corp purchased a new stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,000 shares of the company’s stock, valued at approximately $74,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas purchased a new stake in Custom Truck One Source during the first quarter valued at approximately $43,000. Teza Capital Management LLC purchased a new stake in shares of Custom Truck One Source during the 1st quarter valued at $45,000. AQR Capital Management LLC acquired a new stake in shares of Custom Truck One Source in the 1st quarter worth $63,000. CWA Asset Management Group LLC purchased a new position in Custom Truck One Source during the 1st quarter worth $68,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Custom Truck One Source during the 1st quarter valued at about $71,000. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CTOS. Weiss Ratings reissued a “sell (d-)” rating on shares of Custom Truck One Source in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Custom Truck One Source from $5.50 to $6.00 and gave the company an “underweight” rating in a research report on Tuesday, October 14th. Oppenheimer set a $8.00 price target on shares of Custom Truck One Source and gave the company an “outperform” rating in a research note on Monday, August 4th. Finally, Stifel Nicolaus lifted their price objective on shares of Custom Truck One Source from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.75.

Custom Truck One Source Stock Performance

Shares of NYSE CTOS opened at $6.37 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.23 and a debt-to-equity ratio of 2.01. Custom Truck One Source, Inc. has a 12 month low of $3.17 and a 12 month high of $6.73. The company has a 50 day simple moving average of $6.08 and a two-hundred day simple moving average of $5.17. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -39.78 and a beta of 1.26.

Custom Truck One Source (NYSE:CTOS) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). Custom Truck One Source had a negative return on equity of 6.61% and a negative net margin of 1.89%.The business had revenue of $511.48 million during the quarter, compared to analyst estimates of $460.73 million. During the same quarter in the previous year, the company earned ($0.10) EPS. The firm’s revenue was up 20.9% compared to the same quarter last year. Custom Truck One Source has set its FY 2025 guidance at EPS. As a group, analysts predict that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current year.

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).