First Eagle Investment Management LLC Grows Position in Custom Truck One Source, Inc. $CTOS

First Eagle Investment Management LLC grew its position in Custom Truck One Source, Inc. (NYSE:CTOS) by 38.7% during the third quarter, HoldingsChannel.com reports. The fund owned 774,436 shares of the company’s stock after acquiring an additional 216,083 shares during the quarter. First Eagle Investment Management LLC’s holdings in Custom Truck One Source were worth $4,972,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CTOS. BNP Paribas Financial Markets grew its holdings in shares of 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 purchasing an additional 2,809 shares in the last quarter. Quantbot Technologies LP bought a new position in Custom Truck One Source during the second quarter valued at $35,000. Jane Street Group LLC purchased a new position in shares of Custom Truck One Source in the 2nd quarter worth $58,000. AQR Capital Management LLC bought a new stake in shares of Custom Truck One Source in the 1st quarter worth about $63,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Custom Truck One Source during the 1st quarter valued at about $71,000. 90.07% of the stock is currently owned by institutional investors.

Custom Truck One Source Stock Performance

Shares of NYSE:CTOS opened at $7.07 on Thursday. The company has a current ratio of 1.27, a quick ratio of 0.22 and a debt-to-equity ratio of 2.08. Custom Truck One Source, Inc. has a 12 month low of $3.18 and a 12 month high of $7.75. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -58.88 and a beta of 1.14. The firm’s 50-day moving average is $6.60 and its 200 day moving average is $6.25.

Analysts Set New Price Targets

Several research firms recently commented on CTOS. Weiss Ratings reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price objective on Custom Truck One Source from $6.00 to $6.50 and gave the company an “underweight” rating in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.25.

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.