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

Custom Truck One Source, Inc. (NYSE:CTOS) major shareholder Pe One Source Holdings, Llc bought 8,143,635 shares of the stock in a transaction on Thursday, January 30th. The shares were bought at an average cost of $4.00 per share, with a total value of $32,574,540.00. Following the purchase, the insider now owns 156,743,635 shares of the company’s stock, valued at $626,974,540. This trade represents a 5.48 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Custom Truck One Source Stock Performance

Shares of Custom Truck One Source stock opened at $5.42 on Thursday. 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 stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -33.86 and a beta of 0.79. The business has a 50-day moving average of $5.06 and a 200 day moving average of $4.47. Custom Truck One Source, Inc. has a 12 month low of $3.03 and a 12 month high of $7.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. R Squared Ltd acquired a new stake in Custom Truck One Source during the 4th quarter worth approximately $39,000. Intech Investment Management LLC purchased a new stake in shares of Custom Truck One Source during the third quarter worth $56,000. SG Americas Securities LLC acquired a new stake in shares of Custom Truck One Source in the third quarter valued at $64,000. Platform Technology Partners purchased a new position in Custom Truck One Source in the fourth quarter valued at $66,000. Finally, FMR LLC grew its stake 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. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

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).