T. Rowe Price Investment Management Inc. Acquires 3,796,138 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

T. Rowe Price Investment Management Inc. increased its holdings in Custom Truck One Source, Inc. (NYSE:CTOS) by 105.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,407,782 shares of the company’s stock after purchasing an additional 3,796,138 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 3.17% of Custom Truck One Source worth $35,632,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Custom Truck One Source in the 4th quarter valued at about $39,000. KLP Kapitalforvaltning AS bought a new stake in Custom Truck One Source in the fourth quarter valued at approximately $56,000. Platform Technology Partners bought a new stake in Custom Truck One Source in the fourth quarter valued at approximately $66,000. Intech Investment Management LLC increased its position in Custom Truck One Source by 52.4% during the 4th quarter. Intech Investment Management LLC now owns 24,747 shares of the company’s stock valued at $119,000 after purchasing an additional 8,514 shares during the period. Finally, Stoneridge Investment Partners LLC raised its holdings in Custom Truck One Source by 22.0% during the 4th quarter. Stoneridge Investment Partners LLC now owns 30,335 shares of the company’s stock worth $146,000 after purchasing an additional 5,478 shares during the last quarter. 90.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CTOS. Oppenheimer increased their price objective on shares of Custom Truck One Source from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Stifel Nicolaus decreased their price target on Custom Truck One Source from $5.50 to $5.00 and set a “hold” rating for the company in a report on Wednesday, April 9th.

Insider Activity at Custom Truck One Source

In other Custom Truck One Source news, major shareholder Pe One Source Holdings, Llc purchased 8,143,635 shares of Custom Truck One Source stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average price of $4.00 per share, with a total value of $32,574,540.00. Following the transaction, the insider now owns 156,743,635 shares in the company, valued at $626,974,540. This trade represents a 5.48 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

Custom Truck One Source Trading Up 1.9 %

CTOS opened at $4.34 on Friday. The company has a market cap of $979.33 million, a P/E ratio of -27.13 and a beta of 0.83. The company has a fifty day moving average price of $4.29 and a two-hundred day moving average price of $4.62. The company has a current ratio of 1.28, a quick ratio of 0.19 and a debt-to-equity ratio of 1.87. Custom Truck One Source, Inc. has a 1-year low of $3.03 and a 1-year high of $6.11.

Custom Truck One Source Profile

Custom Truck One Source, Inc provides specialty equipment rental and sale services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).