Custom Truck One Source (NYSE:CTOS) PT Lowered to $7.00 at Robert W. Baird

Custom Truck One Source (NYSE:CTOS) had its price target dropped by analysts at Robert W. Baird from $8.00 to $7.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 43.15% from the company’s current price.

Custom Truck One Source Price Performance

NYSE CTOS opened at $4.89 on Friday. Custom Truck One Source has a 1 year low of $4.41 and a 1 year high of $7.53. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.31 and a current ratio of 1.41. The stock has a market capitalization of $1.17 billion, a P/E ratio of 22.23, a P/E/G ratio of 0.91 and a beta of 0.69. The business’s fifty day moving average is $5.67 and its two-hundred day moving average is $5.96.

Custom Truck One Source (NYSE:CTOS) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). The business had revenue of $521.75 million during the quarter, compared to analyst estimates of $468.69 million. Custom Truck One Source had a net margin of 2.72% and a return on equity of 5.55%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 EPS. On average, research analysts forecast that Custom Truck One Source will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Custom Truck One Source by 9.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,156,983 shares of the company’s stock valued at $13,373,000 after purchasing an additional 185,272 shares during the last quarter. Canvas Wealth Advisors LLC lifted its stake in shares of 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 buying an additional 156,010 shares in the last quarter. Register Financial Advisors LLC lifted its stake in shares of Custom Truck One Source by 410.8% in the first quarter. Register Financial Advisors LLC now owns 179,300 shares of the company’s stock valued at $1,044,000 after buying an additional 144,200 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Custom Truck One Source by 3.9% in the fourth quarter. Clearbridge Investments LLC now owns 1,878,893 shares of the company’s stock valued at $11,612,000 after purchasing an additional 70,005 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Custom Truck One Source by 330.2% during the fourth 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. Institutional investors 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).