Allspring Global Investments Holdings LLC Sells 501,257 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

Allspring Global Investments Holdings LLC cut its stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,213,968 shares of the company's stock after selling 501,257 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.81% of Custom Truck One Source worth $20,396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC lifted its stake in shares of Custom Truck One Source by 4.9% in the third quarter. Jane Street Group LLC now owns 89,432 shares of the company's stock valued at $309,000 after buying an additional 4,155 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Custom Truck One Source by 20.5% in the third quarter. D.A. Davidson & CO. now owns 29,240 shares of the company's stock valued at $101,000 after buying an additional 4,975 shares in the last quarter. Stoneridge Investment Partners LLC lifted its stake in shares of Custom Truck One Source by 22.0% in the fourth quarter. Stoneridge Investment Partners LLC now owns 30,335 shares of the company's stock valued at $146,000 after buying an additional 5,478 shares in the last quarter. R Squared Ltd bought a new position in shares of Custom Truck One Source in the fourth quarter valued at $39,000. Finally, SG Americas Securities LLC lifted its position in shares of Custom Truck One Source by 69.4% during the fourth quarter. SG Americas Securities LLC now owns 31,523 shares of the company's stock valued at $152,000 after purchasing an additional 12,913 shares in the last quarter. 90.07% of the stock is owned by institutional investors.

Insider Activity at Custom Truck One Source

In related news, major shareholder Pe One Source Holdings, Llc bought 8,143,635 shares of the company's stock in a transaction on Thursday, January 30th. The stock was acquired at an average cost 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 $626,974,540. This trade represents a 5.48 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Oppenheimer dropped their price target 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 Stock Performance

NYSE CTOS traded down $0.10 during trading hours on Wednesday, reaching $4.93. 489,318 shares of the company were exchanged, compared to its average volume of 808,838. Custom Truck One Source, Inc. has a 1 year low of $3.03 and a 1 year high of $6.90. The business's 50 day simple moving average is $4.94 and its 200-day simple moving average is $4.48. 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 stock has a market capitalization of $1.15 billion, a P/E ratio of -30.78 and a beta of 0.79.

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).