Nuveen LLC Makes New $699,000 Investment in Custom Truck One Source, Inc. $CTOS

Key Points

• Nuveen LLC acquired 165,752 shares of Custom Truck One Source, valued at approximately $699,000, marking a new investment in the company.
• Custom Truck One Source's stock has experienced a 52-week range from $3.03 to $6.64, with its market capitalization currently at $1.37 billion.
• Despite a 20.9% year-over-year increase in revenue, the company reported a loss of ($0.13) earnings per share for the quarter, missing expectations by ($0.08).

Nuveen LLC purchased a new stake in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 165,752 shares of the company's stock, valued at approximately $699,000. Nuveen LLC owned approximately 0.07% of Custom Truck One Source as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on CTOS. Oppenheimer set a $8.00 price objective on Custom Truck One Source and gave the company an "outperform" rating in a research note on Monday, August 4th. Stifel Nicolaus set a $7.00 target price on Custom Truck One Source and gave the company a "buy" rating in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $5.50 price target (down previously from $6.00) on shares of Custom Truck One Source in a report on Wednesday, August 20th. 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $6.38.

Custom Truck One Source Trading Down 2.1%

NYSE:CTOS traded down $0.13 during mid-day trading on Monday, hitting $5.97. 222,305 shares of the company's stock were exchanged, compared to its average volume of 726,748. The company has a 50 day simple moving average of $5.73 and a 200-day simple moving average of $4.85. The firm has a market capitalization of $1.35 billion, a P/E ratio of -37.16 and a beta of 1.22. The company has a current ratio of 1.26, a quick ratio of 0.23 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.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last announced its quarterly earnings results 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 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 company's quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) earnings per share. Custom Truck One Source has set its FY 2025 guidance at EPS. As a group, research analysts expect 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).