Boston Partners Increases Position in Custom Truck One Source, Inc. $CTOS

Boston Partners raised its holdings in Custom Truck One Source, Inc. (NYSE:CTOS) by 19.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,789,629 shares of the company’s stock after acquiring an additional 620,920 shares during the period. Boston Partners’ holdings in Custom Truck One Source were worth $18,731,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CTOS. Teacher Retirement System of Texas purchased a new stake in shares of Custom Truck One Source in the first quarter valued at approximately $43,000. Teza Capital Management LLC acquired a new position in Custom Truck One Source during the first quarter worth $45,000. R Squared Ltd purchased a new stake in Custom Truck One Source in the 2nd quarter valued at $59,000. AQR Capital Management LLC acquired a new stake in shares of Custom Truck One Source in the 1st quarter worth $63,000. Finally, Truist Financial Corp purchased a new position in shares of Custom Truck One Source during the 2nd quarter worth $74,000. 90.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Robert W. Baird set a $6.50 price target on shares of Custom Truck One Source in a research report on Wednesday, October 29th. JPMorgan Chase & Co. increased their price target on shares of Custom Truck One Source from $5.50 to $6.00 and gave the company an “underweight” rating in a research note on Tuesday, October 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a report on Wednesday, October 8th. Zacks Research upgraded Custom Truck One Source from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Oppenheimer set a $8.00 target price 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, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.13.

Custom Truck One Source Price Performance

CTOS opened at $5.83 on Friday. The stock’s 50-day moving average price is $6.12 and its 200 day moving average price is $5.48. Custom Truck One Source, Inc. has a 12-month low of $3.18 and a 12-month high of $6.78. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -48.54 and a beta of 1.26. The company has a current ratio of 1.27, a quick ratio of 0.22 and a debt-to-equity ratio of 2.08.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings results on Monday, October 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $482.06 million for the quarter, compared to analysts’ expectations of $492.12 million. Custom Truck One Source had a negative return on equity of 5.28% and a negative net margin of 1.26%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) earnings per share. Custom Truck One Source has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current year.

Custom Truck One Source 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).