Custom Truck One Source, Inc. (NYSE:CTOS) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in Custom Truck One Source, Inc. (NYSE:CTOS) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,251,103 shares of the company’s stock after acquiring an additional 52,437 shares during the period. Vanguard Group Inc.’s holdings in Custom Truck One Source were worth $20,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Lazard Asset Management LLC grew its position in Custom Truck One Source by 117.8% during the 3rd quarter. Lazard Asset Management LLC now owns 4,959 shares of the company’s stock worth $30,000 after purchasing an additional 2,682 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Custom Truck One Source during the 3rd quarter worth about $31,000. Register Financial Advisors LLC grew its position in Custom Truck One Source by 66.7% during the 3rd quarter. Register Financial Advisors LLC now owns 5,000 shares of the company’s stock worth $31,000 after purchasing an additional 2,000 shares during the period. Advisor Group Holdings Inc. grew its position in Custom Truck One Source by 214.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,666 shares of the company’s stock worth $31,000 after purchasing an additional 2,499 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in Custom Truck One Source by 107.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,480 shares of the company’s stock worth $44,000 after purchasing an additional 3,877 shares during the period. 90.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, TheStreet raised Custom Truck One Source from a “d” rating to a “c” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Custom Truck One Source presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.50.

Custom Truck One Source Trading Down 1.6 %

CTOS stock opened at $5.65 on Monday. The company’s 50-day simple moving average is $6.09 and its 200-day simple moving average is $6.05. The company has a quick ratio of 0.31, a current ratio of 1.41 and a debt-to-equity ratio of 1.62. Custom Truck One Source, Inc. has a 52-week low of $4.41 and a 52-week high of $7.53. The firm has a market cap of $1.36 billion, a P/E ratio of 25.68, a PEG ratio of 1.07 and a beta of 0.66.

Custom Truck One Source (NYSE:CTOS) last posted its earnings results on Thursday, March 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). The firm had revenue of $521.75 million for the quarter, compared to analysts’ expectations of $468.69 million. Custom Truck One Source had a return on equity of 5.55% and a net margin of 2.72%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. As a group, equities analysts forecast that Custom Truck One Source, Inc. will post 0.27 EPS for the current fiscal year.

About Custom Truck One Source

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