Clearbridge Investments LLC Has $9.01 Million Holdings in Custom Truck One Source, Inc. (NYSE:CTOS)

Clearbridge Investments LLC raised its position in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,872,536 shares of the company’s stock after buying an additional 11,938 shares during the period. Clearbridge Investments LLC owned about 0.80% of Custom Truck One Source worth $9,007,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CTOS. Biondo Investment Advisors LLC grew its position in Custom Truck One Source by 77.5% during the 4th quarter. Biondo Investment Advisors LLC now owns 71,000 shares of the company’s stock worth $342,000 after acquiring an additional 31,000 shares during the last quarter. Heartland Advisors Inc. grew its holdings in shares of Custom Truck One Source by 26.3% during the fourth quarter. Heartland Advisors Inc. now owns 1,200,000 shares of the company’s stock worth $5,772,000 after purchasing an additional 250,000 shares during the last quarter. EntryPoint Capital LLC increased its stake in shares of Custom Truck One Source by 40.1% in the fourth quarter. EntryPoint Capital LLC now owns 35,369 shares of the company’s stock valued at $170,000 after buying an additional 10,125 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Custom Truck One Source by 17.9% in the fourth quarter. Vanguard Group Inc. now owns 3,903,855 shares of the company’s stock valued at $18,778,000 after buying an additional 592,571 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Custom Truck One Source during the 4th quarter worth about $56,000. Institutional investors own 90.07% of the company’s stock.

Analyst Ratings Changes

Separately, Oppenheimer raised their price objective on shares of Custom Truck One Source from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th.

Insider Activity at Custom Truck One Source

In other news, major shareholder Pe One Source Holdings, Llc purchased 8,143,635 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were purchased at an average price of $4.00 per share, with a total value of $32,574,540.00. Following the purchase, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.60% of the stock is currently owned by company insiders.

Custom Truck One Source Trading Up 5.0 %

Shares of CTOS opened at $4.41 on Thursday. Custom Truck One Source, Inc. has a 12-month low of $3.03 and a 12-month high of $6.27. The stock’s fifty day simple moving average is $4.84 and its 200-day simple moving average is $4.60. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $995.12 million, a PE ratio of -27.56 and a beta of 0.67.

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).