127,760 Shares in Custom Truck One Source, Inc. $CTOS Acquired by Sapient Capital LLC

Sapient Capital LLC bought a new stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 127,760 shares of the company’s stock, valued at approximately $810,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CTOS. BNP Paribas Financial Markets increased its stake in Custom Truck One Source by 92.1% in the second quarter. BNP Paribas Financial Markets now owns 5,859 shares of the company’s stock valued at $29,000 after acquiring an additional 2,809 shares during the last quarter. Bridgeway Capital Management LLC purchased a new position in shares of Custom Truck One Source during the second quarter worth approximately $658,000. Jane Street Group LLC bought a new stake in shares of Custom Truck One Source in the 2nd quarter worth approximately $58,000. The Manufacturers Life Insurance Company boosted its stake in shares of Custom Truck One Source by 6.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,448 shares of the company’s stock valued at $185,000 after purchasing an additional 2,371 shares in the last quarter. Finally, Jump Financial LLC boosted its position in Custom Truck One Source by 584.5% during the second quarter. Jump Financial LLC now owns 102,674 shares of the company’s stock valued at $507,000 after buying an additional 87,674 shares during the period. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

Custom Truck One Source Stock Performance

Shares of CTOS stock opened at $5.98 on Monday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -49.79 and a beta of 1.28. The stock has a fifty day moving average of $6.04 and a 200 day moving average of $5.85. Custom Truck One Source, Inc. has a 52 week low of $3.18 and a 52 week high of $6.78. The company has a quick ratio of 0.22, a current ratio of 1.27 and a debt-to-equity ratio of 2.08.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings data on Monday, October 27th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Custom Truck One Source had a negative return on equity of 5.28% and a negative net margin of 1.26%.The company had revenue of $482.06 million during the quarter, compared to the consensus estimate of $492.12 million. During the same quarter last year, the company posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, research analysts expect that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CTOS has been the topic of several analyst reports. Zacks Research upgraded Custom Truck One Source from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. raised their price target on Custom Truck One Source from $5.50 to $6.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 14th. Stifel Nicolaus lifted their price target on Custom Truck One Source from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Wednesday, October 8th. Finally, Robert W. Baird set a $6.50 target price on shares of Custom Truck One Source in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Custom Truck One Source has an average rating of “Hold” and an average price target of $7.13.

About Custom Truck One Source

Custom Truck One Source, Inc (NYSE: CTOS) is a North American provider of specialty rental equipment, parts and services. The company’s fleet encompasses a wide range of assets, including cranes, aerial work platforms, trench safety and shoring equipment, fluid management solutions, generators and other industrial machinery. Customers rely on Custom Truck One Source to support projects in construction, energy, telecommunications, industrial manufacturing, municipalities and large-scale events.

Headquartered in Plano, Texas, Custom Truck One Source has expanded through a combination of organic growth and strategic acquisitions to establish a network of more than 140 branch locations across the United States and Canada.