Portolan Capital Management LLC lifted its position in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 152.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,451,573 shares of the company's stock after acquiring an additional 877,273 shares during the quarter. Portolan Capital Management LLC owned 0.62% of Custom Truck One Source worth $6,982,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Canvas Wealth Advisors LLC lifted its stake in Custom Truck One Source by 8.0% during 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. Vanguard Group Inc. lifted its position in shares of Custom Truck One Source by 17.9% in 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 acquired a new position in shares of Custom Truck One Source in the 4th quarter valued at about $18,268,000. Clearbridge Investments LLC grew its position in shares of Custom Truck One Source by 0.6% during the 4th quarter. Clearbridge Investments LLC now owns 1,872,536 shares of the company's stock valued at $9,007,000 after buying an additional 11,938 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Custom Truck One Source by 216,379.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,511,025 shares of the company's stock worth $7,268,000 after acquiring an additional 1,510,327 shares during the period. Institutional investors and hedge funds own 90.07% of the company's stock.
Custom Truck One Source Stock Performance
NYSE CTOS traded up $0.41 on Friday, hitting $3.80. The stock had a trading volume of 1,136,043 shares, compared to its average volume of 691,689. The company's 50-day moving average is $4.40 and its two-hundred day moving average is $4.58. The stock has a market cap of $856.35 million, a price-to-earnings 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, Inc. has a one year low of $3.03 and a one year high of $6.11.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Oppenheimer upped their target price 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 lowered their price objective on 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.
Get Our Latest Report on Custom Truck One Source
Insider Transactions at Custom Truck One Source
In related news, major shareholder Pe One Source Holdings, Llc acquired 8,143,635 shares of Custom Truck One Source stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average price of $4.00 per share, with a total value of $32,574,540.00. Following the completion of the acquisition, the insider now directly owns 156,743,635 shares of the company's stock, valued at $626,974,540. This trade represents a 5.48 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.60% of the company's stock.
Custom Truck One Source Company Profile
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Free Report)
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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