Strs Ohio Takes $574,000 Position in Custom Truck One Source, Inc. $CTOS

Strs Ohio purchased a new stake in Custom Truck One Source, Inc. (NYSE:CTOS) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 89,400 shares of the company’s stock, valued at approximately $574,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sendero Wealth Management LLC lifted its position in shares of Custom Truck One Source by 140.0% in the 2nd quarter. Sendero Wealth Management LLC now owns 390,797 shares of the company’s stock valued at $1,931,000 after acquiring an additional 227,997 shares in the last quarter. Boston Partners raised its stake in Custom Truck One Source by 71.5% during the 2nd quarter. Boston Partners now owns 5,433,075 shares of the company’s stock valued at $26,849,000 after purchasing an additional 2,264,366 shares during the period. Geode Capital Management LLC raised its position in Custom Truck One Source by 12.7% during the second 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. Canvas Wealth Advisors LLC grew its stake in Custom Truck One Source by 6.5% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 4,760,683 shares of the company’s stock valued at $23,518,000 after acquiring an additional 292,341 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Custom Truck One Source in the 2nd quarter valued at about $221,000. Institutional investors and hedge funds own 90.07% of the company’s stock.

Custom Truck One Source Price Performance

NYSE CTOS opened at $6.36 on Friday. Custom Truck One Source, Inc. has a fifty-two week low of $3.18 and a fifty-two week high of $6.78. The stock’s 50-day moving average is $6.16 and its two-hundred day moving average is $6.05. The firm has a market cap of $1.44 billion, a P/E ratio of -52.96 and a beta of 1.16. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.27 and a quick ratio of 0.22.

Analyst Ratings Changes

Several research firms recently commented on CTOS. Robert W. Baird set a $6.50 price target on shares of Custom Truck One Source in a report on Wednesday, October 29th. JPMorgan Chase & Co. increased their target price on shares of Custom Truck One Source from $6.00 to $6.50 and gave the stock an “underweight” rating in a research report on Wednesday, January 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a report on Wednesday, January 21st. Zacks Research raised shares of Custom Truck One Source from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Stifel Nicolaus lifted their price objective on Custom Truck One Source from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Custom Truck One Source presently has a consensus rating of “Hold” and a consensus price target of $7.25.

About Custom Truck One Source

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.