Strs Ohio Makes New $574,000 Investment in Custom Truck One Source, Inc. $CTOS

Strs Ohio bought a new stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 89,400 shares of the company’s stock, valued at approximately $574,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position in Custom Truck One Source by 92.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,859 shares of the company’s stock valued at $29,000 after purchasing an additional 2,809 shares during the period. Quantbot Technologies LP bought a new stake in Custom Truck One Source in the second quarter valued at $35,000. Jane Street Group LLC acquired a new position in shares of Custom Truck One Source during the second quarter valued at $58,000. R Squared Ltd bought a new position in shares of Custom Truck One Source during the second quarter worth about $59,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Custom Truck One Source in the 1st quarter worth about $63,000. 90.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Custom Truck One Source from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Robert W. Baird set a $6.50 price target on Custom Truck One Source in a report on Wednesday, October 29th. Zacks Research upgraded Custom Truck One Source from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. raised their target price on Custom Truck One Source from $6.00 to $6.50 and gave the company an “underweight” rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Custom Truck One Source currently has an average rating of “Hold” and an average price target of $7.25.

Custom Truck One Source Trading Up 0.6%

Shares of Custom Truck One Source stock opened at $6.36 on Friday. The business has a fifty day simple moving average of $6.16 and a 200-day simple moving average of $6.05. Custom Truck One Source, Inc. has a fifty-two week low of $3.18 and a fifty-two week high of $6.78. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -52.96 and a beta of 1.16. The company has a quick ratio of 0.22, a current ratio of 1.27 and a debt-to-equity ratio of 2.08.

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.