Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report) was up 5.2% on Thursday after Oppenheimer raised their price target on the stock from $5.00 to $6.00. Oppenheimer currently has an outperform rating on the stock. Custom Truck One Source traded as high as $4.97 and last traded at $5.08. Approximately 166,219 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 762,715 shares. The stock had previously closed at $4.83.
Insider Buying and Selling
In related news, major shareholder Pe One Source Holdings, Llc acquired 8,143,635 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average cost of $4.00 per share, for a total transaction of $32,574,540.00. Following the purchase, the insider now directly owns 156,743,635 shares in the company, valued at $626,974,540. This represents a 5.48 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 5.60% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Custom Truck One Source by 4.0% in the fourth 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 purchasing an additional 4,424 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Custom Truck One Source in the fourth quarter worth $63,000. ProShare Advisors LLC bought a new position in shares of Custom Truck One Source in the fourth quarter worth $67,000. Maven Securities LTD bought a new position in shares of Custom Truck One Source in the fourth quarter worth $192,000. Finally, Millennium Management LLC grew its stake in shares of Custom Truck One Source by 77.5% in the fourth quarter. Millennium Management LLC now owns 73,250 shares of the company's stock worth $352,000 after purchasing an additional 31,975 shares in the last quarter. Institutional investors own 90.07% of the company's stock.
Custom Truck One Source Stock Performance
The company has a market cap of $1.11 billion, a P/E ratio of -29.59 and a beta of 0.67. The company has a 50 day moving average price of $4.85 and a 200-day moving average price of $4.51. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87.
About Custom Truck One Source
(
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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).
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