Citigroup Inc. Purchases 304,427 Shares of Custom Truck One Source, Inc. $CTOS

Citigroup Inc. increased its position in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 320.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 399,321 shares of the company’s stock after acquiring an additional 304,427 shares during the period. Citigroup Inc. owned about 0.18% of Custom Truck One Source worth $2,564,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new position in Custom Truck One Source in the first quarter valued at about $71,000. AQR Capital Management LLC bought a new stake in shares of Custom Truck One Source during the first quarter worth about $63,000. Goldman Sachs Group Inc. increased its stake in shares of Custom Truck One Source by 223.5% in the first quarter. Goldman Sachs Group Inc. now owns 529,589 shares of the company’s stock valued at $2,235,000 after buying an additional 365,862 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Custom Truck One Source by 9.5% in the second 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 period. Finally, First Eagle Investment Management LLC raised its holdings in Custom Truck One Source by 283.7% in the 2nd quarter. First Eagle Investment Management LLC now owns 558,353 shares of the company’s stock valued at $2,758,000 after buying an additional 412,830 shares during the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CTOS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Wednesday, January 21st. JPMorgan Chase & Co. upped their price target on shares of Custom Truck One Source from $6.00 to $6.50 and gave the company an “underweight” rating in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.25.

Custom Truck One Source Stock Performance

Shares of CTOS stock opened at $6.43 on Friday. The firm has a 50 day moving average of $6.62 and a 200-day moving average of $6.26. The company has a market cap of $1.46 billion, a price-to-earnings ratio of -53.58 and a beta of 1.14. The company has a quick ratio of 0.22, a current ratio of 1.27 and a debt-to-equity ratio of 2.08. Custom Truck One Source, Inc. has a 52 week low of $3.18 and a 52 week high of $7.75.

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.