Sapient Capital LLC Sells 95,820 Shares of 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 second quarter, Holdings Channel.com reports. The firm 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 institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Custom Truck One Source by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,602,838 shares of the company’s stock worth $36,806,000 after purchasing an additional 741,857 shares during the last quarter. Boston Partners grew its position in shares of Custom Truck One Source by 0.8% in the 3rd quarter. Boston Partners now owns 5,475,307 shares of the company’s stock valued at $35,150,000 after buying an additional 42,232 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Custom Truck One Source by 2.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,310,114 shares of the company’s stock valued at $34,090,000 after buying an additional 112,519 shares during the period. Vanguard Group Inc. increased its stake in shares of Custom Truck One Source by 4.3% in the third quarter. Vanguard Group Inc. now owns 3,276,088 shares of the company’s stock valued at $21,032,000 after buying an additional 135,192 shares during the period. Finally, Alyeska Investment Group L.P. increased its stake in shares of Custom Truck One Source by 42.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,500,229 shares of the company’s stock valued at $14,401,000 after buying an additional 750,000 shares during the period. 90.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTOS has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on Custom Truck One Source from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. increased their target price on shares of Custom Truck One Source from $6.00 to $8.00 and gave the company an “underweight” rating in a research report on Wednesday, April 29th. Cantor Fitzgerald raised their price target on shares of Custom Truck One Source from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Stifel Nicolaus boosted their price target on shares of 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. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Custom Truck One Source currently has a consensus rating of “Moderate Buy” and an average price target of $11.21.

Custom Truck One Source Stock Performance

CTOS stock opened at $10.63 on Wednesday. The firm has a market cap of $2.42 billion, a PE ratio of 118.10 and a beta of 1.38. The company has a current ratio of 1.34, a quick ratio of 0.29 and a debt-to-equity ratio of 2.03. The stock has a 50-day moving average price of $10.61 and a 200-day moving average price of $8.67. Custom Truck One Source, Inc. has a 1-year low of $5.18 and a 1-year high of $12.23.

Custom Truck One Source (NYSE:CTOS) last announced its earnings results 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 analyst estimates of $509.76 million. During the same quarter in the prior year, the company earned ($0.13) EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, equities research analysts expect that Custom Truck One Source, Inc. will post 0.13 earnings per share for the current year.

Custom Truck One Source 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.