Canvas Wealth Advisors LLC Has $40.61 Million Stock Holdings in Custom Truck One Source, Inc. $CTOS

Canvas Wealth Advisors LLC increased its holdings in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 48.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,050,221 shares of the company’s stock after acquiring an additional 2,303,504 shares during the period. Custom Truck One Source comprises approximately 6.9% of Canvas Wealth Advisors LLC’s holdings, making the stock its largest holding. Canvas Wealth Advisors LLC owned approximately 3.11% of Custom Truck One Source worth $40,609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CTOS. Cubist Systematic Strategies LLC bought a new position in shares of Custom Truck One Source in the first quarter valued at about $71,000. AQR Capital Management LLC bought a new position in shares of Custom Truck One Source in the first quarter worth about $63,000. Goldman Sachs Group Inc. lifted its holdings in Custom Truck One Source by 223.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 529,589 shares of the company’s stock worth $2,235,000 after buying an additional 365,862 shares in the last quarter. Envestnet Asset Management Inc. boosted its position 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 buying an additional 2,773 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Custom Truck One Source by 12.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,346,479 shares of the company’s stock valued at $6,653,000 after buying an additional 152,173 shares during the period. Institutional investors and hedge funds own 90.07% of the company’s stock.

Custom Truck One Source Trading Up 1.6%

Shares of NYSE:CTOS opened at $6.58 on Thursday. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -43.87 and a beta of 1.14. Custom Truck One Source, Inc. has a 12 month low of $3.18 and a 12 month high of $7.75. The company’s fifty day simple moving average is $6.67 and its 200 day simple moving average is $6.28. The company has a quick ratio of 0.26, a current ratio of 1.33 and a debt-to-equity ratio of 2.00.

Custom Truck One Source (NYSE:CTOS) last released its earnings results on Tuesday, March 10th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $528.18 million during the quarter, compared to analysts’ expectations of $584.76 million. Custom Truck One Source had a negative return on equity of 3.88% and a negative net margin of 1.60%.The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. As a group, research analysts forecast that Custom Truck One Source, Inc. will post -0.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. DA Davidson reaffirmed a “buy” rating and issued a $8.50 target price on shares of Custom Truck One Source in a research note on Wednesday, March 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. decreased their price objective on Custom Truck One Source from $6.50 to $6.00 and set an “underweight” rating for the company in a research note on Wednesday, March 11th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Custom Truck One Source has an average rating of “Hold” and an average price target of $7.40.

Custom Truck One Source Company 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.