Custom Truck One Source, Inc. $CTOS Shares Purchased by Sendero Wealth Management LLC

Sendero Wealth Management LLC grew its holdings in shares of Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 140.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 390,797 shares of the company's stock after acquiring an additional 227,997 shares during the period. Sendero Wealth Management LLC owned about 0.17% of Custom Truck One Source worth $1,931,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CTOS. CWA Asset Management Group LLC purchased a new position in Custom Truck One Source in the first quarter valued at about $68,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Custom Truck One Source by 2.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,307,058 shares of the company's stock valued at $18,090,000 after buying an additional 93,090 shares during the last quarter. Canvas Wealth Advisors LLC grew its position in shares of Custom Truck One Source by 8.8% during the first quarter. Canvas Wealth Advisors LLC now owns 4,468,342 shares of the company's stock worth $17,158,000 after buying an additional 359,988 shares in the last quarter. Nuveen LLC bought a new stake in shares of Custom Truck One Source in the first quarter worth $699,000. Finally, GSA Capital Partners LLP increased its stake in shares of Custom Truck One Source by 141.8% in the first quarter. GSA Capital Partners LLP now owns 445,610 shares of the company's stock worth $1,880,000 after buying an additional 261,328 shares during the last quarter. Institutional investors and hedge funds own 90.07% of the company's stock.

Custom Truck One Source Price Performance

CTOS opened at $6.52 on Monday. The company has a quick ratio of 0.23, a current ratio of 1.26 and a debt-to-equity ratio of 2.01. The company's 50-day moving average price is $5.98 and its 200 day moving average price is $5.05. Custom Truck One Source, Inc. has a fifty-two week low of $3.03 and a fifty-two week high of $6.64. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -40.75 and a beta of 1.26.

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 the consensus estimate of ($0.05) by ($0.08). The company had revenue of $511.48 million for the quarter, compared to the consensus estimate 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 firm's revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period last year, the company posted ($0.10) earnings per share. Custom Truck One Source has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CTOS. Stifel Nicolaus set a $7.00 price objective on shares of Custom Truck One Source and gave the stock a "buy" rating in a report on Tuesday, July 15th. Oppenheimer set a $8.00 price target on shares of Custom Truck One Source and gave the stock an "outperform" rating in a research report on Monday, August 4th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Custom Truck One Source in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $5.50 price objective (down previously from $6.00) on shares of Custom Truck One Source in a research note on Wednesday, August 20th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Custom Truck One Source has a consensus rating of "Hold" and a consensus target price of $6.38.

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).

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