R Squared Ltd Invests $59,000 in Custom Truck One Source, Inc. $CTOS

R Squared Ltd purchased a new position in Custom Truck One Source, Inc. (NYSE:CTOS) during the second quarter, HoldingsChannel reports. The firm purchased 11,935 shares of the company’s stock, valued at approximately $59,000.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Custom Truck One Source by 2.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,307,058 shares of the company’s stock worth $18,090,000 after purchasing an additional 93,090 shares during the last quarter. Nuveen LLC bought a new position in shares of Custom Truck One Source in the first quarter worth about $699,000. GSA Capital Partners LLP grew its holdings in shares of Custom Truck One Source by 141.8% in the first quarter. GSA Capital Partners LLP now owns 445,610 shares of the company’s stock worth $1,880,000 after purchasing an additional 261,328 shares during the last quarter. Sendero Wealth Management LLC grew its holdings in shares of Custom Truck One Source by 140.0% in the second quarter. Sendero Wealth Management LLC now owns 390,797 shares of the company’s stock worth $1,931,000 after purchasing an additional 227,997 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Custom Truck One Source by 45.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,305,702 shares of the company’s stock worth $22,391,000 after purchasing an additional 1,645,798 shares during the last quarter. 90.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CTOS has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a report on Friday. Oppenheimer set a $8.00 target price on shares of Custom Truck One Source and gave the company an “outperform” rating in a research report on Monday, August 4th. Stifel Nicolaus raised their target price on shares of Custom Truck One Source from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Custom Truck One Source from $5.50 to $6.00 and gave the company an “underweight” rating in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.75.

Custom Truck One Source Stock Performance

CTOS stock opened at $6.61 on Monday. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -41.28 and a beta of 1.26. The firm has a 50-day simple moving average of $6.14 and a two-hundred day simple moving average of $5.28. Custom Truck One Source, Inc. has a one year low of $3.18 and a one year high of $6.73. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.23 and a current ratio of 1.26.

Custom Truck One Source (NYSE:CTOS) last released its quarterly earnings results on Wednesday, July 30th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.08). The firm had revenue of $511.48 million for the quarter, compared to analysts’ expectations 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%. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.10) earnings per share. Custom Truck One Source has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Custom Truck One Source, Inc. will post -0.21 EPS for the current fiscal year.

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).