Robert W. Baird Cuts Custom Truck One Source (NYSE:CTOS) Price Target to $7.00

Custom Truck One Source (NYSE:CTOS) had its price target decreased by Robert W. Baird from $8.00 to $7.00 in a research report report published on Friday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Custom Truck One Source Stock Performance

CTOS stock opened at $4.17 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.31 and a current ratio of 1.41. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 41.70, a PEG ratio of 0.79 and a beta of 0.69. Custom Truck One Source has a 1 year low of $3.61 and a 1 year high of $7.53. The stock’s fifty day moving average is $5.59 and its two-hundred day moving average is $5.94.

Custom Truck One Source (NYSE:CTOS) last posted its earnings results on Thursday, May 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The company had revenue of $411.31 million during the quarter, compared to the consensus estimate of $455.98 million. Custom Truck One Source had a net margin of 1.24% and a return on equity of 2.46%. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. On average, research analysts predict that Custom Truck One Source will post 0.27 EPS for the current year.

Institutional Investors Weigh In On Custom Truck One Source

A number of hedge funds and other institutional investors have recently modified their holdings of CTOS. DekaBank Deutsche Girozentrale bought a new stake in shares of Custom Truck One Source during the third quarter valued at about $31,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Custom Truck One Source during the third quarter valued at about $89,000. Arbor Wealth Advisors LLC bought a new stake in shares of Custom Truck One Source during the fourth quarter valued at about $94,000. Tower Research Capital LLC TRC grew its holdings in Custom Truck One Source by 851.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 16,011 shares of the company’s stock worth $99,000 after acquiring an additional 14,328 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Custom Truck One Source during the third quarter worth about $121,000. 90.07% of the stock is currently owned by institutional investors.

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).