Custom Truck One Source (NYSE:CTOS) Given New $5.00 Price Target at Stifel Nicolaus

Custom Truck One Source (NYSE:CTOS - Free Report) had its target price trimmed by Stifel Nicolaus from $5.50 to $5.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a hold rating on the stock.

Separately, Oppenheimer lifted their target price 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.

Custom Truck One Source Stock Up 2.3 %

CTOS traded up $0.08 on Wednesday, reaching $3.49. The company's stock had a trading volume of 572,369 shares, compared to its average volume of 678,795. The company has a market capitalization of $787.52 million, a price-to-earnings ratio of -21.81 and a beta of 0.83. Custom Truck One Source has a fifty-two week low of $3.03 and a fifty-two week high of $6.11. 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 50 day moving average of $4.56 and a two-hundred day moving average of $4.59.

Insider Transactions at Custom Truck One Source

In other news, major shareholder Pe One Source Holdings, Llc bought 8,143,635 shares of the stock in a transaction dated Thursday, January 30th. The shares were acquired at an average price of $4.00 per share, with a total value of $32,574,540.00. Following the completion of the acquisition, the insider now directly owns 156,743,635 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On Custom Truck One Source

A number of hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Custom Truck One Source by 4.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,050 shares of the company's stock worth $549,000 after buying an additional 4,424 shares in the last quarter. Two Sigma Investments LP purchased a new position in Custom Truck One Source in the fourth quarter worth $63,000. ProShare Advisors LLC acquired a new stake in Custom Truck One Source in the fourth quarter valued at $67,000. Maven Securities LTD purchased a new stake in shares of Custom Truck One Source during the 4th quarter worth $192,000. Finally, Millennium Management LLC grew its stake in shares of Custom Truck One Source by 77.5% during the 4th quarter. Millennium Management LLC now owns 73,250 shares of the company's stock worth $352,000 after purchasing an additional 31,975 shares during the period. Institutional investors and hedge funds own 90.07% of the company's stock.

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).