Custom Truck One Source, Inc. (NYSE:CTOS) Major Shareholder Pe One Source Holdings, Llc Acquires 8,143,635 Shares

Custom Truck One Source, Inc. (NYSE:CTOS) major shareholder Pe One Source Holdings, Llc acquired 8,143,635 shares of Custom Truck One Source stock in a transaction dated Thursday, January 30th. The stock was purchased at an average cost of $4.00 per share, for a total transaction of $32,574,540.00. Following the completion of the purchase, the insider now directly 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Custom Truck One Source Stock Performance

Shares of NYSE:CTOS opened at $4.81 on Tuesday. The company has a market cap of $1.12 billion, a P/E ratio of -30.03 and a beta of 0.79. 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 one year low of $3.03 and a one year high of $7.00. The business’s 50-day simple moving average is $5.08 and its 200 day simple moving average is $4.46.

Institutional Investors Weigh In On Custom Truck One Source

Several hedge funds have recently modified their holdings of CTOS. Dimensional Fund Advisors LP raised its holdings in shares of 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 valued at $9,770,000 after buying an additional 410,895 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Custom Truck One Source during the 3rd quarter valued at about $64,000. Black Diamond Financial LLC raised its holdings in shares of 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 valued at $4,923,000 after buying an additional 1,285,265 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Custom Truck One Source during the 3rd quarter valued at about $56,000. Finally, D.A. Davidson & CO. raised its holdings in shares of Custom Truck One Source by 20.5% during the 3rd quarter. D.A. Davidson & CO. now owns 29,240 shares of the company’s stock valued at $101,000 after buying an additional 4,975 shares during the period. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Oppenheimer reduced their price objective on Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th.

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).