Boston Partners Invests $18.27 Million in Custom Truck One Source, Inc. (NYSE:CTOS)

Boston Partners acquired a new position in shares of Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,796,424 shares of the company's stock, valued at approximately $18,268,000. Boston Partners owned about 1.63% of Custom Truck One Source as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CTOS. Intech Investment Management LLC bought a new position in shares of Custom Truck One Source during the 3rd quarter worth approximately $56,000. D.A. Davidson & CO. raised its stake in shares of Custom Truck One Source by 20.5% during the third quarter. D.A. Davidson & CO. now owns 29,240 shares of the company's stock worth $101,000 after buying an additional 4,975 shares during the last quarter. FMR LLC lifted its stake in Custom Truck One Source by 1,234.8% in the third quarter. FMR LLC now owns 28,846 shares of the company's stock valued at $100,000 after buying an additional 26,685 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Custom Truck One Source by 15.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,626 shares of the company's stock worth $378,000 after acquiring an additional 14,906 shares during the last quarter. Finally, Paloma Partners Management Co grew its holdings in shares of Custom Truck One Source by 17.5% in the 3rd quarter. Paloma Partners Management Co now owns 256,146 shares of the company's stock valued at $884,000 after buying an additional 38,242 shares during the period. 90.07% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Custom Truck One Source

In other Custom Truck One Source news, major shareholder Pe One Source Holdings, Llc acquired 8,143,635 shares of Custom Truck One Source stock in a transaction dated Thursday, January 30th. The stock was purchased at an average cost of $4.00 per share, for a total transaction of $32,574,540.00. Following the completion of the acquisition, the insider now directly owns 156,743,635 shares of the company's stock, valued at $626,974,540. This represents a 5.48 % increase in their ownership of the stock. The transaction was disclosed in a legal 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 Price Performance

CTOS traded up $0.04 during trading on Tuesday, hitting $5.19. 683,220 shares of the stock traded hands, compared to its average volume of 655,197. The business has a 50 day moving average price of $4.87 and a 200 day moving average price of $4.56. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -32.44 and a beta of 0.67. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19. Custom Truck One Source, Inc. has a twelve month low of $3.03 and a twelve month high of $6.27.

Analyst Ratings Changes

Separately, Oppenheimer increased their target price on Custom Truck One Source from $5.00 to $6.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th.

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).