Custom Truck One Source (NYSE:CTOS) Trading Up 6.4% – Should You Buy?

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) shot up 6.4% during mid-day trading on Friday . The company traded as high as $4.92 and last traded at $4.93. 123,144 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 642,855 shares. The stock had previously closed at $4.63.

Wall Street Analyst Weigh In

Separately, Oppenheimer dropped their target price on shares of Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th.

Custom Truck One Source Price Performance

The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -29.72 and a beta of 0.79. The company has a 50-day moving average price of $5.11 and a 200-day moving average price of $4.40. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.19 and a current ratio of 1.28.

Custom Truck One Source (NYSE:CTOS) last issued its earnings results on Wednesday, October 30th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The firm had revenue of $447.22 million during the quarter, compared to the consensus estimate of $448.46 million. Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 EPS. On average, equities research analysts expect that Custom Truck One Source, Inc. will post -0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTOS. Victory Capital Management Inc. acquired a new stake in shares of Custom Truck One Source during the second quarter worth about $47,000. Intech Investment Management LLC bought a new stake in Custom Truck One Source during the 3rd quarter worth approximately $56,000. SG Americas Securities LLC acquired a new stake in Custom Truck One Source during the 3rd quarter worth approximately $64,000. FMR LLC lifted its stake in Custom Truck One Source by 1,234.8% in the third quarter. FMR LLC now owns 28,846 shares of the company’s stock valued at $100,000 after buying an additional 26,685 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Custom Truck One Source by 20.5% in the third quarter. D.A. Davidson & CO. now owns 29,240 shares of the company’s stock valued at $101,000 after buying an additional 4,975 shares during the period. 90.07% of the stock is owned by institutional investors and hedge funds.

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).