Custom Truck One Source (NYSE:CTOS) Reaches New 52-Week High - Should You Buy?

Key Points

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Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $6.57 and last traded at $6.59, with a volume of 344154 shares changing hands. The stock had previously closed at $5.70.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Baird R W downgraded shares of Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. Robert W. Baird downgraded shares of Custom Truck One Source from an "outperform" rating to a "neutral" rating and set a $5.00 price target for the company. in a research report on Monday, April 28th. Finally, Stifel Nicolaus set a $7.00 price target on shares of Custom Truck One Source and gave the company a "buy" rating in a research report on Tuesday, July 15th.

Custom Truck One Source Stock Down 0.3%

The company has a market cap of $1.39 billion, a P/E ratio of -38.56 and a beta of 1.27. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.26 and a quick ratio of 0.24. The company's 50-day moving average is $5.07 and its two-hundred day moving average is $4.70.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported ($0.13) EPS 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 company had revenue of $511.48 million during the quarter, compared to the consensus estimate of $460.73 million. During the same period last year, the firm posted ($0.10) EPS. The company's revenue for the quarter was up 20.9% on a year-over-year basis. As a group, equities analysts predict that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Custom Truck One Source

A number of large investors have recently added to or reduced their stakes in CTOS. T. Rowe Price Investment Management Inc. grew its position in Custom Truck One Source by 105.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,407,782 shares of the company's stock worth $35,632,000 after purchasing an additional 3,796,138 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Custom Truck One Source by 45.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,305,702 shares of the company's stock worth $22,391,000 after purchasing an additional 1,645,798 shares during the period. Russell Investments Group Ltd. grew its position in Custom Truck One Source by 216,379.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,511,025 shares of the company's stock worth $7,268,000 after purchasing an additional 1,510,327 shares during the period. Portolan Capital Management LLC grew its position in Custom Truck One Source by 152.8% in the 4th quarter. Portolan Capital Management LLC now owns 1,451,573 shares of the company's stock worth $6,982,000 after purchasing an additional 877,273 shares during the period. Finally, Bank of America Corp DE grew its position in Custom Truck One Source by 111.6% in the 4th quarter. Bank of America Corp DE now owns 1,312,083 shares of the company's stock worth $6,311,000 after purchasing an additional 691,863 shares during the period. Institutional investors own 90.07% of the company's stock.

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).