Custom Truck One Source, Inc. $CTOS Shares Purchased by Sendero Wealth Management LLC

Sendero Wealth Management LLC raised its position in Custom Truck One Source, Inc. (NYSE:CTOS) by 140.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 390,797 shares of the company’s stock after purchasing an additional 227,997 shares during the quarter. Sendero Wealth Management LLC’s holdings in Custom Truck One Source were worth $1,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CTOS. Truist Financial Corp bought a new position in Custom Truck One Source in the 2nd quarter worth approximately $74,000. Register Financial Advisors LLC boosted its position in Custom Truck One Source by 9.1% during the 2nd quarter. Register Financial Advisors LLC now owns 120,300 shares of the company’s stock worth $594,000 after acquiring an additional 10,000 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Custom Truck One Source by 223.5% in the first quarter. Goldman Sachs Group Inc. now owns 529,589 shares of the company’s stock worth $2,235,000 after purchasing an additional 365,862 shares in the last quarter. Teza Capital Management LLC acquired a new position in shares of Custom Truck One Source during the first quarter valued at $45,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Custom Truck One Source by 45.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,305,702 shares of the company’s stock valued at $22,391,000 after purchasing an additional 1,645,798 shares during the period. Institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Trading Up 2.0%

Shares of NYSE:CTOS opened at $6.52 on Monday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.23 and a current ratio of 1.26. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -40.75 and a beta of 1.26. Custom Truck One Source, Inc. has a 1-year low of $3.03 and a 1-year high of $6.64. The company has a 50 day moving average price of $5.98 and a 200 day moving average price of $5.05.

Custom Truck One Source (NYSE:CTOS) 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). The company had revenue of $511.48 million for the quarter, compared to analyst estimates 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%. Custom Truck One Source’s revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.10) EPS. Custom Truck One Source has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Custom Truck One Source, Inc. will post -0.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CTOS. Weiss Ratings reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Saturday, September 27th. 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 report on Wednesday, August 20th. Oppenheimer set a $8.00 price objective on shares of Custom Truck One Source and gave the company an “outperform” rating in a research note on Monday, August 4th. Finally, Stifel Nicolaus set a $7.00 target price on Custom Truck One Source and gave the stock a “buy” rating in a report on Tuesday, July 15th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.38.

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).