Custom Truck One Source (NYSE:CTOS) Trading Down 7.5% – Time to Sell?

Custom Truck One Source, Inc. (NYSE:CTOS)’s share price dropped 7.5% during trading on Monday . The stock traded as low as $3.51 and last traded at $3.51. Approximately 112,447 shares were traded during trading, a decline of 84% from the average daily volume of 689,975 shares. The stock had previously closed at $3.80.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CTOS shares. Stifel Nicolaus reduced their target price on shares of Custom Truck One Source from $5.50 to $5.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Oppenheimer boosted their price objective on Custom Truck One Source from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th.

Custom Truck One Source Trading Down 1.3 %

The firm has a market capitalization of $846.19 million, a P/E ratio of -23.44 and a beta of 0.83. The business’s 50 day moving average is $4.40 and its two-hundred day moving average is $4.60. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87.

Insiders Place Their Bets

In other news, major shareholder Pe One Source Holdings, Llc acquired 8,143,635 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were bought at an average price 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 approximately $626,974,540. This represents a 5.48 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. CWA Asset Management Group LLC acquired a new position in shares of Custom Truck One Source in the 1st quarter worth approximately $68,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Custom Truck One Source by 4.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,050 shares of the company’s stock worth $549,000 after buying an additional 4,424 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Custom Truck One Source in the fourth quarter valued at $63,000. ProShare Advisors LLC acquired a new stake in shares of Custom Truck One Source during the 4th quarter valued at $67,000. Finally, Maven Securities LTD bought a new stake in shares of Custom Truck One Source during the 4th quarter worth $192,000. 90.07% of the stock is owned by institutional investors and hedge funds.

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).