Custom Truck One Source, Inc. $CTOS Position Increased by First Trust Advisors LP

First Trust Advisors LP grew its position in Custom Truck One Source, Inc. (NYSE:CTOS) by 6.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,301,351 shares of the company’s stock after buying an additional 78,476 shares during the quarter. First Trust Advisors LP’s holdings in Custom Truck One Source were worth $8,550,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Custom Truck One Source by 15.3% during the first quarter. Dimensional Fund Advisors LP now owns 5,602,838 shares of the company’s stock valued at $36,806,000 after acquiring an additional 741,857 shares during the period. Boston Partners lifted its position in shares of Custom Truck One Source by 0.8% in the 3rd quarter. Boston Partners now owns 5,475,307 shares of the company’s stock valued at $35,150,000 after acquiring an additional 42,232 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Custom Truck One Source by 2.2% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,310,114 shares of the company’s stock worth $34,090,000 after purchasing an additional 112,519 shares during the period. Vanguard Group Inc. boosted its stake in Custom Truck One Source by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,276,088 shares of the company’s stock worth $21,032,000 after purchasing an additional 135,192 shares during the period. Finally, Alyeska Investment Group L.P. grew its position in Custom Truck One Source by 42.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,500,229 shares of the company’s stock worth $14,401,000 after purchasing an additional 750,000 shares in the last quarter. 90.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CTOS. Oppenheimer reissued an “outperform” rating and set a $11.00 target price on shares of Custom Truck One Source in a research note on Friday, May 1st. DA Davidson reaffirmed a “buy” rating and issued a $8.50 target price on shares of Custom Truck One Source in a research report on Tuesday, April 28th. Cantor Fitzgerald lifted their price target on Custom Truck One Source from $11.00 to $13.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. upped their price target on Custom Truck One Source from $6.00 to $8.00 and gave the company an “underweight” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Custom Truck One Source presently has an average rating of “Hold” and an average price target of $10.14.

Custom Truck One Source Stock Up 3.4%

Custom Truck One Source stock opened at $10.26 on Friday. Custom Truck One Source, Inc. has a twelve month low of $5.18 and a twelve month high of $12.23. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.25 and a current ratio of 1.30. The firm has a market cap of $2.33 billion, a PE ratio of -114.02 and a beta of 1.34. The firm’s 50 day moving average price is $10.45 and its two-hundred day moving average price is $8.44.

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.