EFG Asset Management North America Corp. Invests $1.76 Million in Custom Truck One Source, Inc. $CTOS

EFG Asset Management North America Corp. bought a new position in Custom Truck One Source, Inc. (NYSE:CTOS) in the 3rd quarter, Holdings Channel.com reports. The firm bought 274,670 shares of the company’s stock, valued at approximately $1,762,000.

A number of other large investors have also added to or reduced their stakes in CTOS. BNP Paribas Financial Markets lifted its stake in Custom Truck One Source by 92.1% during the second quarter. BNP Paribas Financial Markets now owns 5,859 shares of the company’s stock worth $29,000 after purchasing an additional 2,809 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Custom Truck One Source during the 2nd quarter valued at about $35,000. Jane Street Group LLC bought a new stake in Custom Truck One Source in the 2nd quarter worth approximately $58,000. R Squared Ltd purchased a new stake in Custom Truck One Source in the second quarter worth approximately $59,000. Finally, AQR Capital Management LLC bought a new position in Custom Truck One Source during the first quarter valued at approximately $63,000. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CTOS shares. JPMorgan Chase & Co. boosted their price objective on shares of Custom Truck One Source from $6.00 to $6.50 and gave the stock an “underweight” rating in a report on Wednesday, January 14th. Stifel Nicolaus boosted their price target on shares of Custom Truck One Source from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Wednesday, January 21st. Zacks Research upgraded Custom Truck One Source from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Robert W. Baird set a $6.50 target price on Custom Truck One Source in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.25.

Custom Truck One Source Stock Performance

Custom Truck One Source stock opened at $6.40 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.22 and a debt-to-equity ratio of 2.08. The firm has a market cap of $1.45 billion, a P/E ratio of -53.33 and a beta of 1.16. Custom Truck One Source, Inc. has a 1-year low of $3.18 and a 1-year high of $6.78. The firm has a 50-day moving average of $6.10 and a 200-day moving average of $6.04.

Custom Truck One Source (NYSE:CTOS) last announced 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). Custom Truck One Source had a negative net margin of 1.26% and a negative return on equity of 5.28%. The business had revenue of $482.06 million for the quarter, compared to analysts’ expectations of $492.12 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts expect that Custom Truck One Source, Inc. will post -0.21 EPS for the current year.

Custom Truck One Source Profile

Custom Truck One Source, Inc (NYSE: CTOS) is a North American provider of specialty rental equipment, parts and services. The company’s fleet encompasses a wide range of assets, including cranes, aerial work platforms, trench safety and shoring equipment, fluid management solutions, generators and other industrial machinery. Customers rely on Custom Truck One Source to support projects in construction, energy, telecommunications, industrial manufacturing, municipalities and large-scale events.

Headquartered in Plano, Texas, Custom Truck One Source has expanded through a combination of organic growth and strategic acquisitions to establish a network of more than 140 branch locations across the United States and Canada.