M&T Bank Corp Has $5.40 Million Holdings in Custom Truck One Source, Inc. $CTOS

M&T Bank Corp increased its stake in Custom Truck One Source, Inc. (NYSE:CTOS) by 3,477.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 938,098 shares of the company’s stock after buying an additional 911,876 shares during the quarter. M&T Bank Corp’s holdings in Custom Truck One Source were worth $5,403,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Custom Truck One Source by 6.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,448 shares of the company’s stock valued at $185,000 after buying an additional 2,371 shares during the last quarter. Stoneridge Investment Partners LLC lifted its stake in Custom Truck One Source by 8.2% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 32,813 shares of the company’s stock valued at $211,000 after purchasing an additional 2,478 shares during the last quarter. Legal & General Group Plc lifted its stake in Custom Truck One Source by 4.6% in the 3rd quarter. Legal & General Group Plc now owns 60,973 shares of the company’s stock valued at $391,000 after purchasing an additional 2,692 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake 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 purchasing an additional 2,773 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Custom Truck One Source by 92.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,859 shares of the company’s stock valued at $29,000 after purchasing an additional 2,809 shares during the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.

Custom Truck One Source Trading Down 0.1%

Shares of Custom Truck One Source stock opened at $8.75 on Friday. The business has a fifty day simple moving average of $6.96 and a two-hundred day simple moving average of $6.46. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.33 and a quick ratio of 0.26. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -58.32 and a beta of 1.12. Custom Truck One Source, Inc. has a 1 year low of $3.77 and a 1 year high of $8.97.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings data on Tuesday, March 10th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $528.18 million during the quarter, compared to the consensus estimate of $584.76 million. Custom Truck One Source had a negative net margin of 1.60% and a negative return on equity of 3.88%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.12 earnings per share. Research analysts forecast that Custom Truck One Source, Inc. will post 0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CTOS shares. Cantor Fitzgerald started coverage on shares of Custom Truck One Source in a research note on Tuesday. They issued an “overweight” rating and a $11.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Monday, April 20th. DA Davidson reiterated 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. Finally, JPMorgan Chase & Co. cut their price target on Custom Truck One Source from $6.50 to $6.00 and set an “underweight” rating for the company in a report on Wednesday, March 11th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Custom Truck One Source presently has an average rating of “Hold” and a consensus price target of $8.00.

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.