R Squared Ltd Purchases Shares of 11,935 Custom Truck One Source, Inc. $CTOS

R Squared Ltd purchased a new stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,935 shares of the company’s stock, valued at approximately $59,000.

Several other large investors have also added to or reduced their stakes in CTOS. Allspring Global Investments Holdings LLC lifted its holdings in Custom Truck One Source by 2.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,307,058 shares of the company’s stock valued at $18,090,000 after purchasing an additional 93,090 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Custom Truck One Source in the first quarter worth $43,000. Catawba River Capital lifted its holdings in shares of Custom Truck One Source by 1.4% in the first quarter. Catawba River Capital now owns 1,367,779 shares of the company’s stock worth $5,772,000 after buying an additional 18,559 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Custom Truck One Source by 17.2% in the first quarter. Arizona State Retirement System now owns 20,087 shares of the company’s stock worth $85,000 after buying an additional 2,948 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Custom Truck One Source by 118.8% in the first quarter. Cetera Investment Advisers now owns 58,343 shares of the company’s stock worth $246,000 after buying an additional 31,684 shares in the last quarter. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Analyst Ratings Changes

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

Custom Truck One Source Trading Up 3.4%

Shares of CTOS opened at $6.61 on Monday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.23 and a current ratio of 1.26. Custom Truck One Source, Inc. has a fifty-two week low of $3.18 and a fifty-two week high of $6.73. The stock has a market capitalization of $1.50 billion, a PE ratio of -41.28 and a beta of 1.26. The company’s fifty day moving average is $6.14 and its 200 day moving average is $5.28.

Custom Truck One Source (NYSE:CTOS) last announced its earnings results on Wednesday, July 30th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.08). Custom Truck One Source had a negative net margin of 1.89% and a negative return on equity of 6.61%. The firm had revenue of $511.48 million during the quarter, compared to analysts’ expectations of $460.73 million. During the same period in the prior year, the company posted ($0.10) EPS. The company’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. Sell-side analysts expect that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current fiscal 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).