Custom Truck One Source, Inc. $CTOS Shares Purchased by Biondo Investment Advisors LLC

Key Points

• Biondo Investment Advisors LLC increased its holdings in Custom Truck One Source by 60.6%, now owning 114,000 shares worth approximately $481,000.
• Analysts' ratings for Custom Truck One Source vary, with targets ranging from $5.00 to $8.00 and an average consensus price of $6.38.
• Custom Truck One Source reported a quarterly revenue increase of 20.9% year-over-year, although it missed EPS estimates, reporting ($0.13) earnings per share.

Biondo Investment Advisors LLC lifted its position in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 60.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,000 shares of the company's stock after acquiring an additional 43,000 shares during the period. Biondo Investment Advisors LLC owned 0.05% of Custom Truck One Source worth $481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its position in shares of Custom Truck One Source by 4.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 7,724,424 shares of the company's stock valued at $32,598,000 after acquiring an additional 316,642 shares during the period. Maven Securities LTD increased its position in shares of Custom Truck One Source by 114.2% in the 1st quarter. Maven Securities LTD now owns 85,673 shares of the company's stock valued at $362,000 after acquiring an additional 45,673 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of Custom Truck One Source by 3.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 110,500 shares of the company's stock valued at $466,000 after acquiring an additional 3,800 shares during the period. Sei Investments Co. increased its position in shares of Custom Truck One Source by 4.0% in the 1st quarter. Sei Investments Co. now owns 129,520 shares of the company's stock valued at $547,000 after acquiring an additional 4,955 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Custom Truck One Source in the 1st quarter valued at $699,000. 90.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Custom Truck One Source Price Performance

Shares of CTOS stock traded down $0.03 during mid-day trading on Wednesday, hitting $5.99. 367,834 shares of the stock were exchanged, compared to its average volume of 735,684. The firm has a fifty day moving average of $5.53 and a 200 day moving average of $4.80. The company has a quick ratio of 0.23, a current ratio of 1.26 and a debt-to-equity ratio of 2.01. Custom Truck One Source, Inc. has a 52-week low of $3.03 and a 52-week high of $6.64. The company has a market cap of $1.36 billion, a PE ratio of -37.41 and a beta of 1.27.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.08). The company had revenue of $511.48 million during the quarter, compared to analysts' expectations of $460.73 million. Custom Truck One Source had a negative net margin of 1.89% and a negative return on equity of 6.61%. The company's quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.10) earnings per share. Custom Truck One Source has set its FY 2025 guidance at EPS. Research analysts anticipate that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current year.

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).