Custom Truck One Source, Inc. (NYSE:CTOS) Shares Acquired by Clearbridge Investments LLC

Clearbridge Investments LLC increased its holdings in shares of Custom Truck One Source, Inc. (NYSE:CTOSGet Rating) by 13.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,331,511 shares of the company’s stock after acquiring an additional 267,673 shares during the period. Clearbridge Investments LLC owned approximately 0.94% of Custom Truck One Source worth $13,056,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisor Group Holdings Inc. grew its holdings in Custom Truck One Source by 214.1% during the first quarter. Advisor Group Holdings Inc. now owns 3,666 shares of the company’s stock worth $31,000 after acquiring an additional 2,499 shares during the period. Amalgamated Bank acquired a new position in Custom Truck One Source during the first quarter worth $52,000. JMG Financial Group Ltd. purchased a new stake in Custom Truck One Source during the second quarter worth $132,000. American International Group Inc. boosted its position in Custom Truck One Source by 18.4% during the first quarter. American International Group Inc. now owns 29,085 shares of the company’s stock worth $244,000 after purchasing an additional 4,525 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in Custom Truck One Source by 409.4% during the first quarter. MetLife Investment Management LLC now owns 29,628 shares of the company’s stock worth $249,000 after purchasing an additional 23,812 shares in the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

Custom Truck One Source Stock Up 1.2 %

Shares of NYSE:CTOS opened at $6.79 on Friday. The company has a quick ratio of 0.44, a current ratio of 1.43 and a debt-to-equity ratio of 1.58. Custom Truck One Source, Inc. has a 52-week low of $4.53 and a 52-week high of $9.40. The stock’s fifty day simple moving average is $6.43 and its 200-day simple moving average is $6.13. The company has a market capitalization of $1.67 billion, a P/E ratio of 679.68 and a beta of 0.55.

Insider Activity

In related news, CFO Christopher J. Eperjesy acquired 30,000 shares of Custom Truck One Source stock in a transaction dated Friday, November 11th. The shares were acquired at an average cost of $6.45 per share, for a total transaction of $193,500.00. Following the completion of the transaction, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at $193,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on CTOS shares. Robert W. Baird decreased their target price on Custom Truck One Source to $9.00 in a research report on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft boosted their target price on Custom Truck One Source from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Finally, Citigroup boosted their target price on Custom Truck One Source to $8.50 in a research report on Monday, August 15th.

About Custom Truck One Source

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Custom Truck One Source, Inc provides specialty equipment rental services to the electric utility transmission and distribution, telecommunications, rail, other infrastructure-related industries in North America. It operates through Equipment Rental Solutions, Truck and Equipment Sales, and Aftermarket Parts and Services segments.

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Institutional Ownership by Quarter for Custom Truck One Source (NYSE:CTOS)

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