Robert W. Baird Downgrades Custom Truck One Source (NYSE:CTOS) to Neutral

Robert W. Baird downgraded shares of Custom Truck One Source (NYSE:CTOS - Free Report) from an outperform rating to a neutral rating in a research note issued to investors on Monday, MarketBeat reports. They currently have $5.00 price objective on the stock.

CTOS has been the topic of several other research reports. Oppenheimer upped their price objective on shares of Custom Truck One Source from $5.00 to $6.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. Stifel Nicolaus cut their price target on shares of Custom Truck One Source from $5.50 to $5.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $5.25.

Custom Truck One Source Stock Up 4.9 %

Shares of Custom Truck One Source stock traded up $0.19 on Monday, reaching $4.10. The stock had a trading volume of 1,004,936 shares, compared to its average volume of 707,887. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $925.17 million, a P/E ratio of -25.63 and a beta of 0.83. The company has a 50 day moving average price of $4.23 and a 200 day moving average price of $4.64. Custom Truck One Source has a 1 year low of $3.03 and a 1 year high of $6.11.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.01). Custom Truck One Source had a negative return on equity of 4.57% and a negative net margin of 2.22%. The business had revenue of $422.23 million for the quarter, compared to analyst estimates of $435.19 million. During the same period in the previous year, the company posted ($0.06) earnings per share. The business's revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts forecast that Custom Truck One Source will post -0.21 EPS for the current year.

Hedge Funds Weigh In On Custom Truck One Source

Several institutional investors and hedge funds have recently modified their holdings of CTOS. BNP Paribas Financial Markets purchased a new position in Custom Truck One Source during the fourth quarter valued at approximately $29,000. R Squared Ltd purchased a new position in shares of Custom Truck One Source in the 4th quarter valued at about $39,000. Teacher Retirement System of Texas acquired a new position in Custom Truck One Source in the 1st quarter worth about $43,000. KLP Kapitalforvaltning AS purchased a new position in Custom Truck One Source during the fourth quarter worth approximately $56,000. Finally, Two Sigma Investments LP acquired a new stake in Custom Truck One Source in the fourth quarter valued at approximately $63,000. Institutional investors and hedge funds own 90.07% of the company's stock.

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).