Insider Buying: Custom Truck One Source, Inc. (NYSE:CTOS) Major Shareholder Purchases 8,143,635 Shares of Stock

Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report) major shareholder Pe One Source Holdings, Llc bought 8,143,635 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were bought at an average price of $4.00 per share, with a total value of $32,574,540.00. Following the completion of the transaction, the insider now directly owns 156,743,635 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Custom Truck One Source Stock Up 4.2 %

CTOS stock traded up $0.22 during mid-day trading on Wednesday, hitting $5.42. 1,031,614 shares of the company were exchanged, compared to its average volume of 948,065. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.19 and a current ratio of 1.28. Custom Truck One Source, Inc. has a 1-year low of $3.03 and a 1-year high of $7.00. The firm's 50 day simple moving average is $5.07 and its 200 day simple moving average is $4.46. The firm has a market cap of $1.26 billion, a P/E ratio of -33.86 and a beta of 0.79.

Institutional Investors Weigh In On Custom Truck One Source

A number of hedge funds and other institutional investors have recently made changes to their positions in CTOS. R Squared Ltd acquired a new position in Custom Truck One Source during the 4th quarter worth approximately $39,000. Intech Investment Management LLC acquired a new position in Custom Truck One Source during the third quarter worth $56,000. SG Americas Securities LLC bought a new position in Custom Truck One Source in the third quarter valued at $64,000. Platform Technology Partners bought a new position in Custom Truck One Source in the fourth quarter valued at $66,000. Finally, FMR LLC increased its stake in Custom Truck One Source by 1,234.8% in the 3rd quarter. FMR LLC now owns 28,846 shares of the company's stock valued at $100,000 after buying an additional 26,685 shares during the last quarter. 90.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer lowered their price objective on shares of Custom Truck One Source from $6.00 to $5.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th.

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).