Clearbridge Investments LLC Has $8.32 Million Stake in Custom Truck One Source, Inc. $CTOS

Clearbridge Investments LLC trimmed its position in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,445,138 shares of the company’s stock after selling 118,611 shares during the period. Clearbridge Investments LLC owned 0.64% of Custom Truck One Source worth $8,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in Custom Truck One Source in the 1st quarter valued at about $71,000. AQR Capital Management LLC acquired a new stake in Custom Truck One Source in the 1st quarter valued at about $63,000. Goldman Sachs Group Inc. lifted its stake in Custom Truck One Source by 223.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 529,589 shares of the company’s stock valued at $2,235,000 after purchasing an additional 365,862 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Custom Truck One Source by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,855 shares of the company’s stock valued at $157,000 after purchasing an additional 2,773 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Custom Truck One Source by 16.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 29,422 shares of the company’s stock valued at $145,000 after purchasing an additional 4,058 shares during the last quarter. 90.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CTOS. Capital One Financial set a $13.00 target price on Custom Truck One Source in a report on Tuesday, May 26th. Stifel Nicolaus boosted their target price on Custom Truck One Source from $8.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Cantor Fitzgerald boosted their target price on Custom Truck One Source from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. upped their target price on Custom Truck One Source from $6.00 to $8.00 and gave the company an “underweight” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.14.

Custom Truck One Source Stock Performance

Custom Truck One Source stock opened at $10.26 on Thursday. Custom Truck One Source, Inc. has a 12-month low of $4.60 and a 12-month high of $10.61. The company has a quick ratio of 0.25, a current ratio of 1.30 and a debt-to-equity ratio of 2.02. The business’s 50-day moving average price is $8.81 and its two-hundred day moving average price is $7.25. The stock has a market cap of $2.32 billion, a PE ratio of -113.94 and a beta of 1.37.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings data on Monday, April 27th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. The business had revenue of $461.62 million during the quarter, compared to the consensus estimate of $452.67 million. Custom Truck One Source had a negative net margin of 0.88% and a negative return on equity of 2.18%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.08) EPS. As a group, analysts expect that Custom Truck One Source, Inc. will post 0.11 earnings per share for the current fiscal year.

Custom Truck One Source Profile

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.