Custom Truck One Source (NYSE:CTOS) Shares Down 6.6% - Here's Why

Shares of Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report) traded down 6.6% during mid-day trading on Monday . The company traded as low as $4.71 and last traded at $4.75. 114,035 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 923,318 shares. The stock had previously closed at $5.09.

Analyst Upgrades and Downgrades

Separately, Oppenheimer cut their price target 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 Price Performance

The company has a fifty day simple moving average of $5.07 and a 200-day simple moving average of $4.46. The company has a market cap of $1.26 billion, a P/E ratio of -33.72 and a beta of 0.79. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19.

Insider Buying and Selling at Custom Truck One Source

In related news, major shareholder Pe One Source Holdings, Llc purchased 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 directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On Custom Truck One Source

A number of institutional investors have recently bought and sold shares of the business. Canvas Wealth Advisors LLC boosted its stake in Custom Truck One Source by 8.0% in the fourth quarter. Canvas Wealth Advisors LLC now owns 4,108,354 shares of the company's stock worth $19,761,000 after purchasing an additional 303,744 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Custom Truck One Source by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,246,060 shares of the company's stock worth $9,770,000 after buying an additional 410,895 shares in the last quarter. Black Diamond Financial LLC lifted its position in Custom Truck One Source by 906.8% during the 3rd quarter. Black Diamond Financial LLC now owns 1,427,000 shares of the company's stock worth $4,923,000 after buying an additional 1,285,265 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Custom Truck One Source by 939.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 492,411 shares of the company's stock worth $1,699,000 after buying an additional 445,038 shares in the last quarter. Finally, Paloma Partners Management Co lifted its position in 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 buying an additional 38,242 shares in the last quarter. 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).