Insider Buying: Custom Truck One Source, Inc. (NYSE:CTOS) CFO Acquires 20,000 Shares of Stock

Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report) CFO Christopher J. Eperjesy bought 20,000 shares of Custom Truck One Source stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average price of $3.90 per share, with a total value of $78,000.00. Following the completion of the purchase, the chief financial officer now directly owns 176,962 shares in the company, valued at approximately $690,151.80. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Custom Truck One Source Stock Performance

CTOS traded up $0.12 during trading on Wednesday, hitting $4.17. The stock had a trading volume of 771,437 shares, compared to its average volume of 561,541. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.34 and a quick ratio of 0.22. The company has a 50 day moving average price of $5.49 and a 200-day moving average price of $5.91. Custom Truck One Source, Inc. has a one year low of $3.61 and a one year high of $7.53. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 41.70, a P/E/G ratio of 0.79 and a beta of 0.69.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.05). Custom Truck One Source had a net margin of 1.24% and a return on equity of 2.48%. The business had revenue of $411.31 million during the quarter, compared to the consensus estimate of $455.98 million. During the same period in the previous year, the firm posted $0.06 EPS. The company's revenue was down 9.0% compared to the same quarter last year. As a group, research analysts predict that Custom Truck One Source, Inc. will post 0.27 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CTOS. DekaBank Deutsche Girozentrale acquired a new stake in Custom Truck One Source during the third quarter worth about $31,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Custom Truck One Source during the 3rd quarter worth approximately $89,000. Arbor Wealth Advisors LLC acquired a new stake in shares of Custom Truck One Source during the 4th quarter worth approximately $94,000. Tower Research Capital LLC TRC increased its stake in Custom Truck One Source by 851.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 16,011 shares of the company's stock valued at $99,000 after acquiring an additional 14,328 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Custom Truck One Source during the third quarter valued at approximately $121,000. Institutional investors and hedge funds own 90.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CTOS. JPMorgan Chase & Co. reduced their price objective on shares of Custom Truck One Source from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday, May 3rd. Robert W. Baird cut their target price on shares of Custom Truck One Source from $8.00 to $7.00 and set an "outperform" rating for the company in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Custom Truck One Source currently has an average rating of "Moderate Buy" and an average price target of $8.00.

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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