First Eagle Investment Management LLC Raises Position in Custom Truck One Source, Inc. $CTOS

Key Points

• First Eagle Investment Management raised its stake in Custom Truck One Source by 38.7% in Q3 to 774,436 shares (about 0.34% of the company), valued at roughly $4.97 million.
• Institutional ownership is very high at 90.07%; notable moves include Goldman Sachs boosting its position 223.5% to 529,589 shares (~$2.24 million).
• Stock and analyst snapshot: CTOS trades near $7.07 (1‑year range $3.18–$7.75) with a market cap of ~$1.60B and a negative P/E (-58.88); analysts’ consensus is a "Hold" with a $7.25 average target.

First Eagle Investment Management LLC lifted its stake in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 38.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 774,436 shares of the company's stock after purchasing an additional 216,083 shares during the period. First Eagle Investment Management LLC owned 0.34% of Custom Truck One Source worth $4,972,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of CTOS. Cubist Systematic Strategies LLC bought a new stake in Custom Truck One Source during the first quarter valued at about $71,000. AQR Capital Management LLC purchased a new position in shares of Custom Truck One Source during the 1st quarter valued at about $63,000. Goldman Sachs Group Inc. lifted its position in shares of Custom Truck One Source by 223.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 529,589 shares of the company's stock valued at $2,235,000 after buying an additional 365,862 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Custom Truck One Source by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 31,855 shares of the company's stock valued at $157,000 after acquiring an additional 2,773 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new stake in Custom Truck One Source in the 2nd quarter worth approximately $308,000. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

Custom Truck One Source Trading Up 0.9%

Custom Truck One Source stock opened at $7.07 on Thursday. Custom Truck One Source, Inc. has a 1 year low of $3.18 and a 1 year high of $7.75. The firm's 50 day moving average price is $6.60 and its 200-day moving average price is $6.25. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.27 and a quick ratio of 0.22. The stock has a market cap of $1.60 billion, a P/E ratio of -58.88 and a beta of 1.14.

Analyst Upgrades and Downgrades

CTOS has been the topic of several analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Custom Truck One Source in a report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their target price on shares of Custom Truck One Source from $6.00 to $6.50 and gave the company an "underweight" rating in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $7.25.

Custom Truck One Source Profile

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.

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