Custom Truck One Source, Inc. (NYSE:CTOS) Major Shareholder Purchases $32,574,540.00 in Stock

Custom Truck One Source, Inc. (NYSE:CTOS) major shareholder Pe One Source Holdings, Llc acquired 8,143,635 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average price of $4.00 per share, for a total transaction of $32,574,540.00. Following the completion of the transaction, the insider now directly owns 156,743,635 shares in the company, valued at approximately $626,974,540. This represents a 5.48 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Custom Truck One Source Trading Up 8.7 %

Shares of CTOS stock opened at $5.20 on Wednesday. The firm has a market cap of $1.21 billion, a P/E ratio of -32.47 and a beta of 0.79. Custom Truck One Source, Inc. has a 1-year low of $3.03 and a 1-year high of $7.00. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19. The firm’s 50-day simple moving average is $5.07 and its 200-day simple moving average is $4.46.

Analysts Set New Price Targets

Separately, Oppenheimer reduced their target price on shares of Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CTOS. R Squared Ltd purchased a new position in shares of Custom Truck One Source during the 4th quarter worth about $39,000. Intech Investment Management LLC purchased a new position in shares of Custom Truck One Source during the 3rd quarter worth about $56,000. SG Americas Securities LLC purchased a new position in shares of Custom Truck One Source during the 3rd quarter worth about $64,000. Platform Technology Partners purchased a new position in shares of Custom Truck One Source during the 4th quarter worth about $66,000. Finally, FMR LLC increased its position in Custom Truck One Source by 1,234.8% during the 3rd quarter. FMR LLC now owns 28,846 shares of the company’s stock worth $100,000 after purchasing an additional 26,685 shares in the last quarter. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

Custom Truck One Source Company 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).