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

Black Diamond Financial LLC trimmed its holdings in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 29.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,012,247 shares of the company's stock after selling 414,753 shares during the period. Black Diamond Financial LLC owned 0.43% of Custom Truck One Source worth $4,869,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in shares of Custom Truck One Source during the 4th quarter worth $39,000. Intech Investment Management LLC acquired a new stake in Custom Truck One Source during the third quarter worth about $56,000. SG Americas Securities LLC acquired a new position in shares of Custom Truck One Source in the 3rd quarter valued at about $64,000. Platform Technology Partners acquired a new position in shares of Custom Truck One Source in the 4th quarter valued at about $66,000. Finally, FMR LLC grew its holdings in shares of 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 during the period. Hedge funds and other institutional investors own 90.07% of the company's stock.

Analysts Set New Price Targets

Separately, Oppenheimer reduced 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.

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Insiders Place Their Bets

In other Custom Truck One Source news, major shareholder Pe One Source Holdings, Llc bought 8,143,635 shares of the stock in a transaction dated Thursday, January 30th. The stock was bought at an average cost of $4.00 per share, for a total transaction of $32,574,540.00. Following the completion of the purchase, the insider now directly owns 156,743,635 shares of the company's stock, valued at approximately $626,974,540. The trade was a 5.48 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.60% of the stock is owned by company insiders.

Custom Truck One Source Stock Down 3.0 %

Shares of CTOS traded down $0.14 during midday trading on Thursday, reaching $4.35. 338,544 shares of the company were exchanged, compared to its average volume of 741,970. Custom Truck One Source, Inc. has a 1-year low of $3.03 and a 1-year high of $6.43. The stock has a 50-day moving average price of $4.89 and a 200-day moving average price of $4.50. The company has a current ratio of 1.28, a quick ratio of 0.19 and a debt-to-equity ratio of 1.87. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -27.16 and a beta of 0.79.

Custom Truck One Source Company 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).