Kennedy Capital Management LLC Cuts Position in Custom Truck One Source, Inc. (NYSE:CTOS)

Kennedy Capital Management LLC decreased its holdings in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 37.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 403,596 shares of the company's stock after selling 243,024 shares during the quarter. Kennedy Capital Management LLC owned about 0.17% of Custom Truck One Source worth $1,941,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Canvas Wealth Advisors LLC increased its stake in Custom Truck One Source by 8.0% in the 4th quarter. Canvas Wealth Advisors LLC now owns 4,108,354 shares of the company's stock valued at $19,761,000 after purchasing an additional 303,744 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Custom Truck One Source by 17.9% during the 4th quarter. Vanguard Group Inc. now owns 3,903,855 shares of the company's stock worth $18,778,000 after buying an additional 592,571 shares during the last quarter. Boston Partners purchased a new stake in shares of Custom Truck One Source in the 4th quarter worth about $18,268,000. Clearbridge Investments LLC grew its stake in Custom Truck One Source by 0.6% in the 4th quarter. Clearbridge Investments LLC now owns 1,872,536 shares of the company's stock valued at $9,007,000 after acquiring an additional 11,938 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Custom Truck One Source by 216,379.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,511,025 shares of the company's stock valued at $7,268,000 after acquiring an additional 1,510,327 shares in the last quarter. Institutional investors and hedge funds own 90.07% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Stifel Nicolaus dropped 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 research note on Wednesday, April 9th. Oppenheimer boosted their price target on Custom Truck One Source from $5.00 to $6.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th.

Insider Buying and Selling at Custom Truck One Source

In other Custom Truck One Source 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 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 owns 156,743,635 shares in the company, valued at approximately $626,974,540. This represents a 5.48 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.60% of the stock is currently owned by insiders.

Custom Truck One Source Trading Up 11.9 %

Shares of NYSE:CTOS traded up $0.41 during trading on Friday, reaching $3.80. The stock had a trading volume of 1,136,043 shares, compared to its average volume of 692,223. Custom Truck One Source, Inc. has a fifty-two week low of $3.03 and a fifty-two week high of $6.11. The business has a fifty day moving average price of $4.40 and a 200-day moving average price of $4.60. The stock has a market cap of $856.35 million, a P/E ratio of -23.72 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.

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).