Empowered Funds LLC Acquires 72,935 Shares of Custom Truck One Source, Inc. $CTOS

Empowered Funds LLC lifted its holdings in Custom Truck One Source, Inc. (NYSE:CTOS) by 9.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 810,115 shares of the company’s stock after buying an additional 72,935 shares during the quarter. Empowered Funds LLC’s holdings in Custom Truck One Source were worth $5,322,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. M&T Bank Corp boosted its holdings in Custom Truck One Source by 7.6% during the 2nd quarter. M&T Bank Corp now owns 26,222 shares of the company’s stock valued at $130,000 after acquiring an additional 1,848 shares during the period. R Squared Ltd grew its position in Custom Truck One Source by 14.2% in the 1st quarter. R Squared Ltd now owns 18,894 shares of the company’s stock valued at $124,000 after acquiring an additional 2,349 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Custom Truck One Source by 6.8% in the second quarter. The Manufacturers Life Insurance Company now owns 37,448 shares of the company’s stock worth $185,000 after purchasing an additional 2,371 shares during the period. Legal & General Group Plc increased its stake in Custom Truck One Source by 4.6% in the third quarter. Legal & General Group Plc now owns 60,973 shares of the company’s stock worth $391,000 after purchasing an additional 2,692 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Custom Truck One Source by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 31,855 shares of the company’s stock worth $157,000 after purchasing an additional 2,773 shares during the last quarter. 90.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. 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. JPMorgan Chase & Co. raised their price target on shares of Custom Truck One Source from $6.00 to $8.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 29th. DA Davidson reiterated a “buy” rating and set a $8.50 price objective on shares of Custom Truck One Source in a report on Tuesday, April 28th. Cantor Fitzgerald boosted their price objective on shares of Custom Truck One Source from $11.00 to $13.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Friday, July 17th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.14.

Custom Truck One Source Trading Up 3.4%

Shares of NYSE CTOS opened at $10.26 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.30 and a debt-to-equity ratio of 2.02. The business has a fifty day simple moving average of $10.45 and a two-hundred day simple moving average of $8.44. The firm has a market cap of $2.33 billion, a PE ratio of -114.02 and a beta of 1.34. Custom Truck One Source, Inc. has a twelve month low of $5.18 and a twelve month high of $12.23.

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.