Alyeska Investment Group L.P. Buys 56,630 Shares of Custom Truck One Source, Inc. $CTOS

Key Points

• Alyeska Investment Group L.P. increased its stake in Custom Truck One Source by 2.9% in Q1, acquiring an additional 56,630 shares, bringing its total ownership to approximately 2,013,660 shares valued at $8.5 million.
• Custom Truck One Source reported a quarterly loss per share of ($0.13), missing estimates, although revenue increased by 20.9% year-over-year, reaching $511.48 million.
• Analysts have set a range of price targets for Custom Truck One Source, with Oppenheimer at $8.00, while JPMorgan Chase lowered their target to $5.50, reflecting mixed ratings from analysts.

Alyeska Investment Group L.P. increased its stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 2.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,013,660 shares of the company's stock after buying an additional 56,630 shares during the period. Alyeska Investment Group L.P. owned about 0.89% of Custom Truck One Source worth $8,498,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CTOS. Barclays PLC increased its holdings in Custom Truck One Source by 5.8% during the fourth quarter. Barclays PLC now owns 89,436 shares of the company's stock worth $430,000 after buying an additional 4,910 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Custom Truck One Source by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,778,062 shares of the company's stock worth $13,362,000 after purchasing an additional 73,213 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Custom Truck One Source by 160.6% in the fourth quarter. MetLife Investment Management LLC now owns 31,301 shares of the company's stock worth $151,000 after purchasing an additional 19,289 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of 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 worth $94,000 after purchasing an additional 2,999 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Custom Truck One Source in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 90.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CTOS shares. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $5.50 target price (down previously from $6.00) on shares of Custom Truck One Source in a research note on Wednesday, August 20th. Stifel Nicolaus set a $7.00 target price on shares of Custom Truck One Source and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Finally, Oppenheimer set a $8.00 target price on shares of Custom Truck One Source and gave the stock an "outperform" rating in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Custom Truck One Source has a consensus rating of "Hold" and an average price target of $6.38.

Custom Truck One Source Price Performance

Shares of CTOS stock traded down $0.27 during trading hours on Tuesday, reaching $5.62. The stock had a trading volume of 915,214 shares, compared to its average volume of 729,894. The stock's fifty day simple moving average is $5.75 and its 200 day simple moving average is $4.86. The company has a current ratio of 1.26, a quick ratio of 0.23 and a debt-to-equity ratio of 2.01. Custom Truck One Source, Inc. has a 12 month low of $3.03 and a 12 month high of $6.64. The firm has a market capitalization of $1.27 billion, a PE ratio of -35.13 and a beta of 1.22.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported ($0.13) earnings per share (EPS) 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 company had revenue of $511.48 million for the quarter, compared to the consensus estimate of $460.73 million. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. The company's revenue for the quarter was up 20.9% compared to the same quarter last year. Custom Truck One Source has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Custom Truck One Source, Inc. will post -0.21 EPS for the current year.

Custom Truck One Source 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).