Canvas Wealth Advisors LLC Has $19.76 Million Stake in Custom Truck One Source, Inc. (NYSE:CTOS)

Canvas Wealth Advisors LLC raised its position in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,108,354 shares of the company's stock after purchasing an additional 303,744 shares during the period. Custom Truck One Source accounts for 5.0% of Canvas Wealth Advisors LLC's investment portfolio, making the stock its 3rd biggest position. Canvas Wealth Advisors LLC owned about 1.76% of Custom Truck One Source worth $19,761,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CTOS. R Squared Ltd bought a new stake in Custom Truck One Source during the fourth quarter valued at approximately $39,000. Platform Technology Partners bought a new position in Custom Truck One Source in the fourth quarter valued at $66,000. Intech Investment Management LLC purchased a new stake in Custom Truck One Source during the third quarter valued at about $56,000. SG Americas Securities LLC bought a new stake in Custom Truck One Source during the third quarter worth about $64,000. Finally, FMR LLC boosted its holdings in shares of Custom Truck One Source by 1,234.8% in 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 in the last quarter. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Oppenheimer decreased their price objective on Custom Truck One Source from $6.00 to $5.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th.

Custom Truck One Source Trading Down 0.6 %

NYSE:CTOS traded down $0.03 during trading hours on Thursday, reaching $5.16. The company's stock had a trading volume of 440,835 shares, compared to its average volume of 848,487. 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 firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -32.23 and a beta of 0.79. The firm has a 50-day simple moving average of $4.98 and a 200-day simple moving average of $4.48. Custom Truck One Source, Inc. has a 1 year low of $3.03 and a 1 year high of $7.00.

Insider Transactions at Custom Truck One Source

In other news, major shareholder Pe One Source Holdings, Llc purchased 8,143,635 shares of the stock in a transaction that occurred on 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 acquisition, the insider now directly owns 156,743,635 shares of the company's stock, valued at $626,974,540. This represents a 5.48 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.60% of the company's stock.

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).