Baird R W Downgrades Custom Truck One Source (NYSE:CTOS) to Hold

Custom Truck One Source (NYSE:CTOS - Get Free Report) was downgraded by Baird R W from a "strong-buy" rating to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on CTOS. Stifel Nicolaus lowered their price objective on shares of Custom Truck One Source from $5.50 to $5.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Oppenheimer raised their price target on Custom Truck One Source from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. Finally, Robert W. Baird cut Custom Truck One Source from an "outperform" rating to a "neutral" rating and set a $5.00 price objective for the company. in a report on Monday, April 28th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Custom Truck One Source has an average rating of "Hold" and a consensus target price of $5.25.

Custom Truck One Source Price Performance

Shares of CTOS stock traded up $0.19 on Monday, reaching $4.10. The company's stock had a trading volume of 1,004,936 shares, compared to its average volume of 707,887. The company has a market capitalization of $925.17 million, a P/E ratio of -25.63 and a beta of 0.83. Custom Truck One Source has a 12-month low of $3.03 and a 12-month high of $6.11. The stock's 50 day simple moving average is $4.23 and its 200-day simple moving average is $4.64. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.01). The business had revenue of $422.23 million for the quarter, compared to the consensus estimate of $435.19 million. Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The business's revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) EPS. As a group, equities analysts predict that Custom Truck One Source will post -0.21 earnings per share for the current fiscal year.

Institutional Trading of Custom Truck One Source

Several institutional investors have recently added to or reduced their stakes in CTOS. Arizona State Retirement System lifted its stake in shares of Custom Truck One Source by 17.2% in the 1st quarter. Arizona State Retirement System now owns 20,087 shares of the company's stock valued at $85,000 after acquiring an additional 2,948 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Custom Truck One Source by 18.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,394 shares of the company's stock valued at $94,000 after purchasing an additional 2,999 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Custom Truck One Source by 4.9% during the third quarter. Jane Street Group LLC now owns 89,432 shares of the company's stock valued at $309,000 after purchasing an additional 4,155 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Custom Truck One Source by 4.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,050 shares of the company's stock valued at $549,000 after purchasing an additional 4,424 shares during the period. Finally, Barclays PLC grew its holdings in shares of Custom Truck One Source by 5.8% in the fourth quarter. Barclays PLC now owns 89,436 shares of the company's stock worth $430,000 after purchasing an additional 4,910 shares during the last quarter. 90.07% of the stock is currently owned by hedge funds and other 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).