Custom Truck One Source, Inc. (NYSE:CTOS) Shares Bought by Heartland Advisors Inc.

Heartland Advisors Inc. boosted its position in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,200,000 shares of the company's stock after buying an additional 250,000 shares during the period. Heartland Advisors Inc. owned approximately 0.51% of Custom Truck One Source worth $5,772,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CTOS. Canvas Wealth Advisors LLC increased its holdings in shares of Custom Truck One Source by 8.0% in the 4th quarter. Canvas Wealth Advisors LLC now owns 4,108,354 shares of the company's stock valued at $19,761,000 after purchasing an additional 303,744 shares in the last quarter. Vanguard Group Inc. increased its holdings in Custom Truck One Source by 17.9% in the fourth quarter. Vanguard Group Inc. now owns 3,903,855 shares of the company's stock valued at $18,778,000 after buying an additional 592,571 shares in the last quarter. Boston Partners purchased a new position in Custom Truck One Source in the fourth quarter valued at about $18,268,000. JPMorgan Chase & Co. lifted its position in shares of Custom Truck One Source by 939.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 492,411 shares of the company's stock valued at $1,699,000 after acquiring an additional 445,038 shares during the period. Finally, Paloma Partners Management Co boosted its stake in shares of Custom Truck One Source by 17.5% during the 3rd quarter. Paloma Partners Management Co now owns 256,146 shares of the company's stock worth $884,000 after acquiring an additional 38,242 shares in the last quarter. 90.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Oppenheimer raised their price objective on Custom Truck One Source from $5.00 to $6.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th.

Insider Buying and Selling at Custom Truck One Source

In other news, major shareholder Pe One Source Holdings, Llc bought 8,143,635 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average price of $4.00 per share, with a total value of $32,574,540.00. Following the purchase, the insider now owns 156,743,635 shares of the company's stock, valued at $626,974,540. This trade represents a 5.48 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 5.60% of the stock is owned by insiders.

Custom Truck One Source Price Performance

Shares of NYSE CTOS traded up $0.17 on Wednesday, hitting $4.37. The company's stock had a trading volume of 175,493 shares, compared to its average volume of 670,282. The stock has a 50 day moving average of $4.85 and a 200-day moving average of $4.60. The company has a market capitalization of $986.09 million, a price-to-earnings ratio of -27.31 and a beta of 0.67. Custom Truck One Source, Inc. has a 12-month low of $3.03 and a 12-month high of $6.27. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19.

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).