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

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in Custom Truck One Source in the fourth quarter valued at approximately $29,000. Teacher Retirement System of Texas acquired a new stake in shares of Custom Truck One Source in the first quarter worth approximately $43,000. Two Sigma Investments LP acquired a new stake in shares of Custom Truck One Source in the fourth quarter worth approximately $63,000. ProShare Advisors LLC acquired a new stake in shares of Custom Truck One Source in the fourth quarter worth approximately $67,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Custom Truck One Source in the first quarter worth approximately $63,000. 90.07% of the stock is owned by institutional investors and hedge funds.

Custom Truck One Source Trading Down 2.2%

Custom Truck One Source stock traded down $0.13 during trading on Friday, reaching $5.72. 527,858 shares of the company were exchanged, compared to its average volume of 664,274. 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 capitalization of $1.30 billion, a P/E ratio of -35.77 and a beta of 1.22. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.26 and a quick ratio of 0.23. The stock's 50 day simple moving average is $5.80 and its two-hundred day simple moving average is $4.90.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.08). Custom Truck One Source had a negative return on equity of 6.61% and a negative net margin of 1.89%.The company had revenue of $511.48 million for the quarter, compared to analysts' expectations of $460.73 million. During the same quarter in the previous year, the business posted ($0.10) EPS. The business's quarterly revenue 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 expect that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CTOS. Stifel Nicolaus set a $7.00 price target on Custom Truck One Source and gave the stock a "buy" rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $5.50 price target (down from $6.00) on shares of Custom Truck One Source in a research note on Wednesday, August 20th. Finally, Oppenheimer set a $8.00 price target on Custom Truck One Source and gave the stock an "outperform" rating in a research note 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 stock presently has a consensus rating of "Hold" and a consensus price target of $6.38.

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).