Custom Truck One Source, Inc. (NYSE:CTOS) Shares Bought by EntryPoint Capital LLC

EntryPoint Capital LLC lifted its position in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 40.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,369 shares of the company’s stock after purchasing an additional 10,125 shares during the quarter. EntryPoint Capital LLC’s holdings in Custom Truck One Source were worth $170,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Custom Truck One Source by 17.9% during the fourth quarter. Vanguard Group Inc. now owns 3,903,855 shares of the company’s stock valued at $18,778,000 after buying an additional 592,571 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Custom Truck One Source during the 4th quarter worth about $56,000. Boston Partners purchased a new stake in shares of Custom Truck One Source during the 4th quarter worth about $18,268,000. Intech Investment Management LLC grew its position in shares of Custom Truck One Source by 52.4% during the 4th quarter. Intech Investment Management LLC now owns 24,747 shares of the company’s stock valued at $119,000 after acquiring an additional 8,514 shares during the period. Finally, Canvas Wealth Advisors LLC increased its stake in shares of 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. 90.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Pe One Source Holdings, Llc purchased 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, for a total transaction of $32,574,540.00. Following the completion of the transaction, the insider now owns 156,743,635 shares of the company’s stock, valued at $626,974,540. This trade represents a 5.48 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.60% of the company’s stock.

Custom Truck One Source Stock Performance

CTOS opened at $4.45 on Friday. The firm’s fifty day simple moving average is $4.88 and its two-hundred day simple moving average is $4.59. Custom Truck One Source, Inc. has a 52-week low of $3.03 and a 52-week high of $6.27. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -27.83 and a beta of 0.67. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer increased their price target on Custom Truck One Source from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th.

Custom Truck One Source 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).