T. Rowe Price Investment Management Inc. Raises Position in Custom Truck One Source, Inc. (NYSE:CTOS)

T. Rowe Price Investment Management Inc. lifted its stake in shares of 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 buying an additional 3,796,138 shares during the period. T. Rowe Price Investment Management Inc.’s holdings in Custom Truck One Source were worth $35,632,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CTOS shares. Oppenheimer boosted their target price on Custom Truck One Source from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Stifel Nicolaus cut their price objective on Custom Truck One Source from $5.50 to $5.00 and set a “hold” rating on the stock in a research 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 bought 8,143,635 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was purchased at an average price of $4.00 per share, for a total transaction of $32,574,540.00. Following the completion of the transaction, the insider now directly owns 156,743,635 shares of the company’s stock, valued at $626,974,540. This trade represents a 5.48 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.60% of the stock is owned by company insiders.

Custom Truck One Source Stock Up 1.9 %

Custom Truck One Source stock opened at $4.34 on Friday. The firm has a 50 day moving average price of $4.29 and a 200-day moving average price of $4.62. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87. Custom Truck One Source, Inc. has a twelve month low of $3.03 and a twelve month high of $6.11. The company has a market capitalization of $979.33 million, a P/E ratio of -27.13 and a beta of 0.83.

Custom Truck One Source Company 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).