Boston Partners Makes New Investment in Custom Truck One Source, Inc. (NYSE:CTOS)

Boston Partners acquired a new stake in Custom Truck One Source, Inc. (NYSE:CTOS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,796,424 shares of the company’s stock, valued at approximately $18,268,000. Boston Partners owned 1.63% of Custom Truck One Source as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Intech Investment Management LLC boosted its stake in shares of Custom Truck One Source by 52.4% in the fourth quarter. Intech Investment Management LLC now owns 24,747 shares of the company’s stock valued at $119,000 after buying an additional 8,514 shares during the period. Canvas Wealth Advisors LLC raised its holdings in Custom Truck One Source by 8.0% in the 4th quarter. Canvas Wealth Advisors LLC now owns 4,108,354 shares of the company’s stock valued at $19,761,000 after acquiring an additional 303,744 shares in the last quarter. Stoneridge Investment Partners LLC lifted its position in shares of Custom Truck One Source by 22.0% during the 4th quarter. Stoneridge Investment Partners LLC now owns 30,335 shares of the company’s stock valued at $146,000 after acquiring an additional 5,478 shares during the period. Platform Technology Partners acquired a new stake in shares of Custom Truck One Source during the 4th quarter worth $66,000. Finally, R Squared Ltd bought a new position in shares of Custom Truck One Source in the fourth quarter worth $39,000. Institutional investors and hedge funds own 90.07% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer increased their price objective on shares of 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.

Custom Truck One Source Trading Down 1.7 %

Shares of CTOS stock opened at $4.78 on Friday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.19 and a current ratio of 1.28. Custom Truck One Source, Inc. has a fifty-two week low of $3.03 and a fifty-two week high of $6.27. The company has a market cap of $1.08 billion, a PE ratio of -29.84 and a beta of 0.67. The stock’s fifty day moving average price is $4.85 and its two-hundred day moving average price is $4.53.

Insider Activity at Custom Truck One Source

In related news, major shareholder Pe One Source Holdings, Llc acquired 8,143,635 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was acquired 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 in the company, valued at approximately $626,974,540. This trade represents a 5.48 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.60% of the stock is currently owned by insiders.

About Custom Truck One Source

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).