Stifel Nicolaus Has Lowered Expectations for Custom Truck One Source (NYSE:CTOS) Stock Price

Custom Truck One Source (NYSE:CTOS) had its price target dropped by Stifel Nicolaus from $5.50 to $5.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 42.25% from the stock’s current price.

Separately, Oppenheimer upped their price target on Custom Truck One Source from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th.

Custom Truck One Source Price Performance

Shares of NYSE CTOS opened at $3.52 on Wednesday. The stock has a fifty day moving average of $4.59 and a 200-day moving average of $4.59. The stock has a market cap of $793.16 million, a PE ratio of -21.97 and a beta of 0.83. 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 has a fifty-two week low of $3.03 and a fifty-two week high of $6.11.

Insider Buying and Selling at Custom Truck One Source

In related news, major shareholder Pe One Source Holdings, Llc bought 8,143,635 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was bought at an average cost of $4.00 per share, for a total transaction of $32,574,540.00. Following the completion of the transaction, the insider now owns 156,743,635 shares of the company’s stock, valued at approximately $626,974,540. The trade was a 5.48 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.60% of the company’s stock.

Institutional Trading of Custom Truck One Source

Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Custom Truck One Source by 18.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,394 shares of the company’s stock worth $94,000 after acquiring an additional 2,999 shares in the last quarter. Jane Street Group LLC raised its position in Custom Truck One Source by 4.9% in the 3rd quarter. Jane Street Group LLC now owns 89,432 shares of the company’s stock worth $309,000 after purchasing an additional 4,155 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Custom Truck One Source by 4.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,050 shares of the company’s stock worth $549,000 after purchasing an additional 4,424 shares during the last quarter. Barclays PLC boosted its position in Custom Truck One Source by 5.8% during the fourth quarter. Barclays PLC now owns 89,436 shares of the company’s stock valued at $430,000 after buying an additional 4,910 shares during the period. Finally, Stoneridge Investment Partners LLC grew its stake in shares of Custom Truck One Source by 22.0% during the fourth quarter. Stoneridge Investment Partners LLC now owns 30,335 shares of the company’s stock valued at $146,000 after buying an additional 5,478 shares during the last quarter. Institutional investors own 90.07% of the company’s stock.

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).