Custom Truck One Source, Inc. (NYSE:CTOS) Holdings Cut by Federated Hermes Inc.

Federated Hermes Inc. lessened its holdings in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 54.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,075,000 shares of the company's stock after selling 1,305,000 shares during the period. Federated Hermes Inc. owned 0.46% of Custom Truck One Source worth $5,171,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Custom Truck One Source by 939.4% in the third quarter. JPMorgan Chase & Co. now owns 492,411 shares of the company's stock worth $1,699,000 after purchasing an additional 445,038 shares in the last quarter. Canvas Wealth Advisors LLC increased its position in shares of 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 during the last quarter. Boston Partners purchased a new position in shares of Custom Truck One Source during the 4th quarter valued at about $18,268,000. Barclays PLC increased its stake in Custom Truck One Source by 349.6% in the 3rd quarter. Barclays PLC now owns 84,526 shares of the company's stock worth $291,000 after purchasing an additional 65,725 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Custom Truck One Source by 15.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,626 shares of the company's stock worth $378,000 after buying an additional 14,906 shares during the period. 90.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTOS has been the subject of several analyst reports. Oppenheimer raised their price target on Custom Truck One Source from $5.00 to $6.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. Stifel Nicolaus decreased their price objective on shares of Custom Truck One Source from $5.50 to $5.00 and set a "hold" rating for the company in a report on Wednesday, April 9th.

Custom Truck One Source Trading Up 8.7 %

NYSE:CTOS traded up $0.30 during trading hours on Thursday, reaching $3.69. 291,116 shares of the stock were exchanged, compared to its average volume of 687,225. Custom Truck One Source, Inc. has a twelve month low of $3.03 and a twelve month high of $6.11. The company has a market capitalization of $831.52 million, a price-to-earnings ratio of -23.20 and a beta of 0.83. 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 business has a 50-day moving average of $4.46 and a two-hundred day moving average of $4.58.

Insider Buying and Selling

In other news, major shareholder Pe One Source Holdings, Llc acquired 8,143,635 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average cost of $4.00 per share, with a total value of $32,574,540.00. Following the purchase, 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 acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 5.60% of the stock is owned by company insiders.

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).