Fintel reports that on July 18, 2023, Citigroup maintained coverage of Custom Truck One Source (NYSE:CTOS) with a Buy recommendation.
Analyst Price Forecast Suggests 40.64% Upside
As of July 6, 2023, the average one-year price target for Custom Truck One Source is 9.69. The forecasts range from a low of 8.58 to a high of $12.60. The average price target represents an increase of 40.64% from its latest reported closing price of 6.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Custom Truck One Source is 1,682MM, an increase of 1.40%. The projected annual non-GAAP EPS is 0.26.
What is the Fund Sentiment?
There are 233 funds or institutions reporting positions in Custom Truck One Source. This is an increase of 19 owner(s) or 8.88% in the last quarter. Average portfolio weight of all funds dedicated to CTOS is 0.63%, an increase of 4.30%. Total shares owned by institutions increased in the last three months by 0.04% to 233,646K shares. 
The put/call ratio of CTOS is 0.07, indicating a bullish outlook.
What are Other Shareholders Doing?
Platinum Equity Advisors holds 148,600K shares representing 60.39% ownership of the company. No change in the last quarter.
ECP ControlCo holds 25,739K shares representing 10.46% ownership of the company. No change in the last quarter.
Federated Hermes holds 4,735K shares representing 1.92% ownership of the company. No change in the last quarter.
FDVLX - Fidelity Value Fund holds 3,562K shares representing 1.45% ownership of the company. In it's prior filing, the firm reported owning 3,803K shares, representing a decrease of 6.77%. The firm decreased its portfolio allocation in CTOS by 1.50% over the last quarter.
Hawkeye Capital Management holds 2,900K shares representing 1.18% ownership of the company. In it's prior filing, the firm reported owning 3,109K shares, representing a decrease of 7.22%. The firm increased its portfolio allocation in CTOS by 82.82% over the last quarter.
Custom Truck One Source Background Information
(This description is provided by the company.)
The Company is a leading provider of specialized truck and heavy equipment solutions to the utility, telecommunications, rail and infrastructure markets in North America. The Company's solutions include rentals, sales, aftermarket parts, tools, accessories and service, equipment production, manufacturing, financing solutions, and asset disposal. With vast equipment breadth, the Company's team of experts service its customers across an integrated network of locations across North America.
Additional reading:
- Custom Truck One Source, Inc. Reports Continued Strong Results for First Quarter 2023
- Second Amended and Restated Stockholders’ Agreement, dated as of April 14, 2023, among Custom Truck One Source, Inc. and certain holders identified therein
- Custom Truck One Source, Inc. Reports Record Results for the Fourth-Quarter and Full-Year 2022
- Subsidiaries of the Company
- Description of the Registrant’s Securities Registered under Section 12 of the Exchange Act
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
