Putnam Investments LLC Decreases Holdings in Custom Truck One Source, Inc. (NYSE:CTOS)

Putnam Investments LLC reduced its position in Custom Truck One Source, Inc. (NYSE:CTOS) by 9.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 651,563 shares of the company’s stock after selling 69,910 shares during the quarter. Putnam Investments LLC owned about 0.26% of Custom Truck One Source worth $4,424,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CTOS. Price T Rowe Associates Inc. MD grew its stake in Custom Truck One Source by 17.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,771 shares of the company’s stock worth $80,000 after buying an additional 1,714 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in shares of 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 last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Custom Truck One Source by 107.6% during the third quarter. Tower Research Capital LLC TRC now owns 7,480 shares of the company’s stock valued at $44,000 after acquiring an additional 3,877 shares in the last quarter. American International Group Inc. raised its position in shares of Custom Truck One Source by 18.4% in the 1st quarter. American International Group Inc. now owns 29,085 shares of the company’s stock valued at $244,000 after purchasing an additional 4,525 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Custom Truck One Source by 5.9% in the 1st quarter. Rhumbline Advisers now owns 86,541 shares of the company’s stock valued at $588,000 after purchasing an additional 4,814 shares during the last quarter. 91.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Custom Truck One Source

In other Custom Truck One Source news, Director Ecp Controlco, Llc sold 45,660 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $6.72, for a total value of $306,835.20. Following the completion of the transaction, the director now directly owns 89,434 shares of the company’s stock, valued at $600,996.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.30% of the company’s stock.

Custom Truck One Source Stock Performance

Shares of NYSE CTOS opened at $6.53 on Friday. The company has a 50 day simple moving average of $6.68 and a two-hundred day simple moving average of $6.66. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 0.77 and a beta of 0.59. The company has a current ratio of 1.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.55. Custom Truck One Source, Inc. has a 12 month low of $5.53 and a 12 month high of $7.64.

Custom Truck One Source (NYSE:CTOS) last posted its earnings results on Tuesday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $456.80 million during the quarter, compared to the consensus estimate of $387.92 million. Custom Truck One Source had a net margin of 3.08% and a return on equity of 6.64%. The firm’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 earnings per share. As a group, analysts predict that Custom Truck One Source, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CTOS has been the topic of several research analyst reports. Oppenheimer reissued an “outperform” rating and set a $9.00 target price on shares of Custom Truck One Source in a research report on Wednesday, August 9th. Citigroup boosted their price objective on shares of Custom Truck One Source from $8.50 to $9.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Custom Truck One Source from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.58.

Custom Truck One Source Company Profile

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