Custom Truck One Source, Inc. $CTOS Shares Bought by Maven Securities LTD

Key Points

• Maven Securities LTD increased its holdings in Custom Truck One Source by 114.2% in Q1, owning 85,673 shares valued at $362,000 after purchasing an additional 45,673 shares.
• Custom Truck One Source reported a revenue increase of 20.9% year-over-year for the latest quarter, totaling $511.48 million, but missed EPS estimates by $0.08.
• Investment analysts have provided mixed ratings on Custom Truck One Source, with a current average rating of "Moderate Buy" and a price target of $6.67.

Maven Securities LTD grew its position in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 114.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,673 shares of the company's stock after buying an additional 45,673 shares during the quarter. Maven Securities LTD's holdings in Custom Truck One Source were worth $362,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new stake in Custom Truck One Source during the 4th quarter worth about $29,000. Teacher Retirement System of Texas purchased a new stake in Custom Truck One Source during the 1st quarter worth about $43,000. Two Sigma Investments LP purchased a new stake in Custom Truck One Source during the 4th quarter worth about $63,000. ProShare Advisors LLC purchased a new stake in Custom Truck One Source during the 4th quarter worth about $67,000. Finally, CWA Asset Management Group LLC purchased a new stake in Custom Truck One Source during the 1st quarter worth about $68,000. Institutional investors and hedge funds own 90.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Stifel Nicolaus set a $7.00 price objective on Custom Truck One Source and gave the stock a "buy" rating in a research report on Tuesday, July 15th. 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 research report on Monday, April 28th. Baird R W cut Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $5.50 price target (down previously from $6.00) on shares of Custom Truck One Source in a report on Wednesday, August 20th. Finally, Oppenheimer set a $8.00 price target on Custom Truck One Source and gave the company an "outperform" rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Custom Truck One Source currently has a consensus rating of "Hold" and an average target price of $6.38.

Custom Truck One Source Trading Down 0.9%

Shares of NYSE:CTOS traded down $0.0550 during trading on Monday, reaching $5.9750. 123,377 shares of the stock were exchanged, compared to its average volume of 736,675. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.23 and a current ratio of 1.26. 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 cap of $1.35 billion, a price-to-earnings ratio of -37.34 and a beta of 1.27. The firm's 50-day moving average price is $5.48 and its 200 day moving average price is $4.78.

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