Custom Truck One Source (NYSE:CTOS) Reaches New 12-Month High - Here's Why

Key Points

• Custom Truck One Source shares reached a new 52-week high of $10.18 (last around $10.05); several analysts (Stifel, Oppenheimer, Cantor Fitzgerald) raised or initiated coverage with roughly $11 price targets, but the consensus rating remains a Hold with a $9.33 target.
• The company beat quarterly expectations (EPS -$0.02 vs. -$0.05; revenue $461.6M vs. $452.7M), with revenue up 9.3% year‑over‑year, though profitability metrics remain negative and leverage is high (debt/equity 2.02).
• Institutional investors own about 90.07% of the stock, with several large funds modestly increasing their positions in recent quarters.

Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $10.18 and last traded at $10.0470, with a volume of 3416 shares traded. The stock had previously closed at $10.10.

Analyst Upgrades and Downgrades

CTOS has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of Custom Truck One Source from $8.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. Oppenheimer restated an "outperform" rating and set a $11.00 price target on shares of Custom Truck One Source in a research report on Friday. Cantor Fitzgerald initiated coverage on shares of Custom Truck One Source in a research report on Tuesday, April 21st. They set an "overweight" rating and a $11.00 price target for the company. DA Davidson restated a "buy" rating and set a $8.50 price target on shares of Custom Truck One Source in a research report on Tuesday, April 28th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Custom Truck One Source in a research report on Monday, April 20th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $9.33.

Custom Truck One Source Stock Performance

The company has a market cap of $2.19 billion, a PE ratio of -107.61 and a beta of 1.40. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.25 and a current ratio of 1.30. The firm's 50 day moving average is $7.11 and its 200-day moving average is $6.54.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.03. Custom Truck One Source had a negative net margin of 0.88% and a negative return on equity of 2.18%. The company had revenue of $461.62 million during the quarter, compared to analysts' expectations of $452.67 million. During the same quarter in the prior year, the company earned ($0.08) EPS. Custom Truck One Source's revenue was up 9.3% compared to the same quarter last year. On average, research analysts anticipate that Custom Truck One Source, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Custom Truck One Source

Several large investors have recently bought and sold shares of the business. M&T Bank Corp grew its stake in Custom Truck One Source by 7.6% during the 2nd quarter. M&T Bank Corp now owns 26,222 shares of the company's stock valued at $130,000 after acquiring an additional 1,848 shares in the last quarter. R Squared Ltd grew its stake in shares of Custom Truck One Source by 14.2% in the 1st quarter. R Squared Ltd now owns 18,894 shares of the company's stock valued at $124,000 after buying an additional 2,349 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Custom Truck One Source by 6.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,448 shares of the company's stock valued at $185,000 after buying an additional 2,371 shares during the period. Stoneridge Investment Partners LLC grew its stake in shares of Custom Truck One Source by 8.2% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 32,813 shares of the company's stock valued at $211,000 after buying an additional 2,478 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Custom Truck One Source by 4.6% in the 3rd quarter. Legal & General Group Plc now owns 60,973 shares of the company's stock valued at $391,000 after buying an additional 2,692 shares during the period. Hedge funds and other institutional investors own 90.07% of the company's stock.

Custom Truck One Source Company Profile

Custom Truck One Source, Inc NYSE: CTOS is a North American provider of specialty rental equipment, parts and services. The company's fleet encompasses a wide range of assets, including cranes, aerial work platforms, trench safety and shoring equipment, fluid management solutions, generators and other industrial machinery. Customers rely on Custom Truck One Source to support projects in construction, energy, telecommunications, industrial manufacturing, municipalities and large-scale events.

Headquartered in Plano, Texas, Custom Truck One Source has expanded through a combination of organic growth and strategic acquisitions to establish a network of more than 140 branch locations across the United States and Canada.

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