Clearbridge Investments LLC Sells 118,611 Shares of Custom Truck One Source, Inc. $CTOS

Clearbridge Investments LLC lessened its holdings in Custom Truck One Source, Inc. (NYSE:CTOS) by 7.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,445,138 shares of the company’s stock after selling 118,611 shares during the period. Clearbridge Investments LLC’s holdings in Custom Truck One Source were worth $8,324,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC bought a new position in Custom Truck One Source in the 4th quarter valued at approximately $28,000. BNP Paribas Financial Markets boosted its stake in shares of 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. Quantbot Technologies LP bought a new position in shares of Custom Truck One Source in the 2nd quarter worth about $35,000. Oak Thistle LLC bought a new position in shares of Custom Truck One Source in the 4th quarter worth about $58,000. Finally, Jane Street Group LLC bought a new position in shares of Custom Truck One Source during the 2nd quarter worth approximately $58,000. Institutional investors own 90.07% of the company’s stock.

Analysts Set New Price Targets

CTOS has been the subject of several research analyst reports. Capital One Financial set a $13.00 price target on shares of Custom Truck One Source in a research note on Tuesday, May 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a report on Monday, April 20th. DA Davidson reiterated a “buy” rating and issued a $8.50 price target on shares of Custom Truck One Source in a report on Tuesday, April 28th. Cantor Fitzgerald increased their price target on Custom Truck One Source from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Stifel Nicolaus upped their target price on Custom Truck One Source from $8.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Custom Truck One Source currently has an average rating of “Hold” and a consensus price target of $10.14.

Custom Truck One Source Stock Performance

Shares of CTOS stock opened at $10.26 on Thursday. The firm has a market capitalization of $2.32 billion, a PE ratio of -113.94 and a beta of 1.37. The firm has a fifty day simple moving average of $8.81 and a two-hundred day simple moving average of $7.25. The company has a current ratio of 1.30, a quick ratio of 0.25 and a debt-to-equity ratio of 2.02. Custom Truck One Source, Inc. has a 12 month low of $4.60 and a 12 month high of $10.61.

Custom Truck One Source (NYSE:CTOS) last announced its quarterly earnings results on Monday, April 27th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.03. Custom Truck One Source had a negative net margin of 0.88% and a negative return on equity of 2.18%. The business had revenue of $461.62 million for the quarter, compared to analysts’ expectations of $452.67 million. During the same quarter last year, the firm earned ($0.08) EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts forecast that Custom Truck One Source, Inc. will post 0.11 EPS for the current fiscal year.

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.