MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Position in Custom Truck One Source, Inc. $CTOS

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Custom Truck One Source by 45.0%, now owning about 5.3 million shares valued at approximately $22.39 million.
• Several large investors, including Bank of America Corp DE and T. Rowe Price Investment Management Inc., also boosted their positions in Custom Truck One Source during the recent quarter.
• Custom Truck One Source reported a revenue of $511.48 million for the last quarter, exceeding the consensus estimate, although it missed the earnings per share expectation by ($0.08).

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 45.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,305,702 shares of the company's stock after acquiring an additional 1,645,798 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 2.35% of Custom Truck One Source worth $22,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new stake in Custom Truck One Source in the 4th quarter valued at $29,000. Teacher Retirement System of Texas acquired a new position in Custom Truck One Source in the first quarter valued at approximately $43,000. Two Sigma Investments LP purchased a new position in Custom Truck One Source in the fourth quarter worth approximately $63,000. ProShare Advisors LLC acquired a new stake in Custom Truck One Source during the fourth quarter worth $67,000. Finally, AQR Capital Management LLC purchased a new stake in Custom Truck One Source in the first quarter valued at $63,000. Hedge funds and other institutional investors own 90.07% of the company's stock.

Custom Truck One Source Stock Down 1.6%

CTOS traded down $0.09 on Friday, reaching $5.76. The company's stock had a trading volume of 236,588 shares, compared to its average volume of 743,795. 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 fifty-two week low of $3.03 and a fifty-two week high of $6.64. The stock has a 50 day moving average of $5.79 and a two-hundred day moving average of $4.88. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -35.98 and a beta of 1.22.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.13) earnings per share 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 analysts' expectations 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 firm's quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.10) EPS. Custom Truck One Source has set its FY 2025 guidance at EPS. As a group, analysts forecast that Custom Truck One Source, Inc. will post -0.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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).