Custom Truck One Source, Inc. (NYSE:CTOS) Shares Sold by Black Diamond Financial LLC

Black Diamond Financial LLC lowered its position in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 29.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,012,247 shares of the company’s stock after selling 414,753 shares during the quarter. Black Diamond Financial LLC’s holdings in Custom Truck One Source were worth $4,869,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Custom Truck One Source during the fourth quarter worth approximately $39,000. Platform Technology Partners acquired a new stake in Custom Truck One Source during the fourth quarter worth approximately $66,000. Intech Investment Management LLC acquired a new stake in Custom Truck One Source during the third quarter worth approximately $56,000. SG Americas Securities LLC acquired a new stake in Custom Truck One Source during the third quarter worth approximately $64,000. Finally, FMR LLC boosted its position in Custom Truck One Source by 1,234.8% during the third quarter. FMR LLC now owns 28,846 shares of the company’s stock worth $100,000 after acquiring an additional 26,685 shares during the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Pe One Source Holdings, Llc purchased 8,143,635 shares of the business’s stock in a transaction on 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 completion of 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 5.60% of the stock is currently owned by insiders.

Custom Truck One Source Stock Performance

NYSE:CTOS opened at $4.63 on Monday. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87. The company has a market cap of $1.08 billion, a P/E ratio of -28.91 and a beta of 0.79. Custom Truck One Source, Inc. has a fifty-two week low of $3.03 and a fifty-two week high of $6.77. The firm’s 50 day moving average is $4.92 and its two-hundred day moving average is $4.50.

Analyst Upgrades and Downgrades

Separately, Oppenheimer decreased 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 research report on Tuesday, November 5th.

Custom Truck One Source 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).