Sapient Capital LLC Has $377,000 Holdings in Custom Truck One Source, Inc. $CTOS

Sapient Capital LLC lessened its holdings in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 75.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,940 shares of the company’s stock after selling 95,820 shares during the quarter. Sapient Capital LLC’s holdings in Custom Truck One Source were worth $377,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Heartland Advisors Inc. boosted its holdings in shares of Custom Truck One Source by 42.9% during the first quarter. Heartland Advisors Inc. now owns 1,000,000 shares of the company’s stock worth $6,570,000 after purchasing an additional 300,000 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Custom Truck One Source by 154.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,056,550 shares of the company’s stock valued at $6,942,000 after buying an additional 642,109 shares during the period. Dimensional Fund Advisors LP lifted its position in Custom Truck One Source by 15.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,602,838 shares of the company’s stock worth $36,806,000 after buying an additional 741,857 shares in the last quarter. Empowered Funds LLC lifted its position in Custom Truck One Source by 9.9% in the 1st quarter. Empowered Funds LLC now owns 810,115 shares of the company’s stock worth $5,322,000 after buying an additional 72,935 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Custom Truck One Source by 6.4% during the 1st quarter. First Trust Advisors LP now owns 1,301,351 shares of the company’s stock valued at $8,550,000 after buying an additional 78,476 shares during the period. Institutional investors and hedge funds own 90.07% of the company’s stock.

Custom Truck One Source Trading Up 2.7%

NYSE:CTOS opened at $9.18 on Friday. The company’s 50 day moving average is $10.22 and its 200-day moving average is $9.04. The company has a quick ratio of 0.29, a current ratio of 1.34 and a debt-to-equity ratio of 2.03. Custom Truck One Source, Inc. has a 12 month low of $5.18 and a 12 month high of $12.23. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 102.00 and a beta of 1.35.

Custom Truck One Source (NYSE:CTOS) last posted its earnings results on Monday, August 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $563.45 million for the quarter, compared to analyst estimates of $509.76 million. Custom Truck One Source had a net margin of 1.05% and a return on equity of 2.66%. Custom Truck One Source’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted ($0.13) EPS. Equities analysts anticipate that Custom Truck One Source, Inc. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CTOS shares. Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a report on Friday, July 17th. Robert W. Baird lifted their price objective on Custom Truck One Source from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Oppenheimer boosted their target price on Custom Truck One Source from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Capital One Financial set a $13.00 target price on Custom Truck One Source in a research report on Tuesday, May 26th. Finally, Zacks Research raised Custom Truck One Source from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.36.

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.