Custom Truck One Source (NYSE:CTOS) Shares Up 7.8% After Insider Buying Activity

Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report)'s share price was up 7.8% during trading on Tuesday following insider buying activity. The stock traded as high as $5.08 and last traded at $5.16. Approximately 142,185 shares were traded during trading, a decline of 85% from the average daily volume of 919,077 shares. The stock had previously closed at $4.78.

Specifically, major shareholder Pe One Source Holdings, Llc bought 8,143,635 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were bought at an average cost of $4.00 per share, for a total transaction of $32,574,540.00. Following the transaction, the insider now owns 156,743,635 shares of the company's stock, valued at approximately $626,974,540. This trade represents a 5.48 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer decreased their price objective on shares of 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 Price Performance

The company has a debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19. The stock has a market capitalization of $1.26 billion, a PE ratio of -33.86 and a beta of 0.79. The company has a 50-day moving average of $5.07 and a two-hundred day moving average of $4.46.

Institutional Investors Weigh In On Custom Truck One Source

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC lifted its holdings in shares of Custom Truck One Source by 4.9% during the 3rd quarter. Jane Street Group LLC now owns 89,432 shares of the company's stock valued at $309,000 after acquiring an additional 4,155 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Custom Truck One Source by 20.5% during the third quarter. D.A. Davidson & CO. now owns 29,240 shares of the company's stock worth $101,000 after purchasing an additional 4,975 shares in the last quarter. Stoneridge Investment Partners LLC boosted its position in shares of Custom Truck One Source by 22.0% in the fourth quarter. Stoneridge Investment Partners LLC now owns 30,335 shares of the company's stock worth $146,000 after buying an additional 5,478 shares during the period. R Squared Ltd acquired a new stake in shares of Custom Truck One Source in the fourth quarter valued at about $39,000. Finally, SG Americas Securities LLC raised its holdings in shares of Custom Truck One Source by 69.4% during the 4th quarter. SG Americas Securities LLC now owns 31,523 shares of the company's stock valued at $152,000 after buying an additional 12,913 shares during the period. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

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).