Bank of New York Mellon Corp Sells 102,086 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

Bank of New York Mellon Corp lessened its holdings in shares of Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 45.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,592 shares of the company's stock after selling 102,086 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.05% of Custom Truck One Source worth $594,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Custom Truck One Source by 939.4% during the third quarter. JPMorgan Chase & Co. now owns 492,411 shares of the company's stock worth $1,699,000 after acquiring an additional 445,038 shares in the last quarter. Canvas Wealth Advisors LLC raised its stake in shares of Custom Truck One Source by 8.0% during the 4th quarter. Canvas Wealth Advisors LLC now owns 4,108,354 shares of the company's stock worth $19,761,000 after purchasing an additional 303,744 shares in the last quarter. Barclays PLC raised its holdings in shares of Custom Truck One Source by 349.6% during the 3rd quarter. Barclays PLC now owns 84,526 shares of the company's stock valued at $291,000 after purchasing an additional 65,725 shares in the last quarter. Paloma Partners Management Co lifted its stake in shares of Custom Truck One Source by 17.5% in the 3rd quarter. Paloma Partners Management Co now owns 256,146 shares of the company's stock valued at $884,000 after purchasing an additional 38,242 shares during the last quarter. Finally, FMR LLC boosted its holdings in Custom Truck One Source by 1,234.8% in the third 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.

Custom Truck One Source Stock Performance

Shares of CTOS traded down $0.23 during trading hours on Monday, reaching $4.23. 664,575 shares of the company traded hands, compared to its average volume of 673,321. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.19 and a current ratio of 1.28. The stock's fifty day moving average is $4.87 and its 200 day moving average is $4.60. Custom Truck One Source, Inc. has a 1-year low of $3.03 and a 1-year high of $6.27. The stock has a market cap of $953.38 million, a P/E ratio of -26.41 and a beta of 0.67.

Insiders Place Their Bets

In other Custom Truck One Source 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 stock was bought at an average price of $4.00 per share, for a total transaction of $32,574,540.00. Following the purchase, the insider now owns 156,743,635 shares in the company, valued at $626,974,540. This represents a 5.48 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer boosted their price target 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.

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).