Arbor Wealth Advisors LLC Purchases Shares of 15,260 Custom Truck One Source, Inc. (NYSE:CTOS)

Arbor Wealth Advisors LLC purchased a new stake in Custom Truck One Source, Inc. (NYSE:CTOS) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 15,260 shares of the company’s stock, valued at approximately $94,000.

Several other institutional investors also recently bought and sold shares of the business. Canvas Wealth Advisors LLC grew its stake in shares of Custom Truck One Source by 4.8% during the 4th quarter. Canvas Wealth Advisors LLC now owns 3,413,242 shares of the company’s stock valued at $21,299,000 after buying an additional 156,010 shares during the period. Vanguard Group Inc. grew its stake in shares of Custom Truck One Source by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,251,103 shares of the company’s stock valued at $20,157,000 after buying an additional 52,437 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Custom Truck One Source by 9.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,156,983 shares of the company’s stock valued at $13,373,000 after buying an additional 185,272 shares during the period. R.P. Boggs & Co. grew its stake in shares of Custom Truck One Source by 5.2% during the 3rd quarter. R.P. Boggs & Co. now owns 994,203 shares of the company’s stock valued at $6,164,000 after buying an additional 48,995 shares during the period. Finally, Loomis Sayles & Co. L P grew its stake in shares of Custom Truck One Source by 3.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 867,306 shares of the company’s stock valued at $5,377,000 after buying an additional 30,795 shares during the period. 90.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, TheStreet raised shares of Custom Truck One Source from a “d” rating to a “c” rating in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Custom Truck One Source Stock Up 2.2 %

Shares of Custom Truck One Source stock traded up $0.12 during trading on Tuesday, reaching $5.37. The company had a trading volume of 647,464 shares, compared to its average volume of 508,257. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 0.98 and a beta of 0.66. The firm’s fifty day moving average is $5.89 and its 200-day moving average is $6.01. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.31 and a current ratio of 1.41. Custom Truck One Source, Inc. has a fifty-two week low of $4.41 and a fifty-two week high of $7.53.

Custom Truck One Source (NYSE:CTOS) last issued its earnings results on Thursday, March 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The company had revenue of $521.75 million during the quarter, compared to analyst estimates of $468.69 million. Custom Truck One Source had a net margin of 2.72% and a return on equity of 5.55%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. On average, analysts anticipate that Custom Truck One Source, Inc. will post 0.27 EPS for the current year.

Custom Truck One Source Profile

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).