Sei Investments Co. Boosts Stock Position in Custom Truck One Source, Inc. $CTOS

Sei Investments Co. grew its position in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 35.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 227,568 shares of the company’s stock after acquiring an additional 59,928 shares during the period. Sei Investments Co.’s holdings in Custom Truck One Source were worth $1,495,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Parallel Advisors LLC purchased a new stake in Custom Truck One Source in the fourth quarter worth approximately $28,000. BNP Paribas Financial Markets raised its stake in shares of Custom Truck One Source by 92.1% during the second quarter. BNP Paribas Financial Markets now owns 5,859 shares of the company’s stock worth $29,000 after acquiring an additional 2,809 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Custom Truck One Source during the second quarter worth approximately $35,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Custom Truck One Source in the 4th quarter worth approximately $67,000. Finally, Jane Street Group LLC bought a new stake in shares of Custom Truck One Source in the 2nd quarter worth approximately $58,000. 90.07% of the stock is owned by hedge funds and other institutional investors.

Custom Truck One Source Price Performance

Shares of CTOS opened at $10.63 on Tuesday. Custom Truck One Source, Inc. has a fifty-two week low of $5.18 and a fifty-two week high of $12.23. The firm’s 50-day simple moving average is $10.59 and its two-hundred day simple moving average is $8.64. The stock has a market cap of $2.42 billion, a PE ratio of 118.11 and a beta of 1.38. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.29 and a current ratio of 1.34.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CTOS shares. Cantor Fitzgerald increased their target price on shares of Custom Truck One Source from $11.00 to $13.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Oppenheimer boosted their price target on shares of Custom Truck One Source from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. DA Davidson restated a “buy” rating and set a $8.50 price target on shares of Custom Truck One Source in a research report on Tuesday, April 28th. Stifel Nicolaus raised their price objective on Custom Truck One Source from $8.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Capital One Financial set a $13.00 price objective on Custom Truck One Source in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.21.

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.