Stoneridge Investment Partners LLC Raises Stock Position in Custom Truck One Source, Inc. (NYSE:CTOS)

Stoneridge Investment Partners LLC raised its stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 22.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,335 shares of the company’s stock after acquiring an additional 5,478 shares during the period. Stoneridge Investment Partners LLC’s holdings in Custom Truck One Source were worth $146,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Jane Street Group LLC increased its holdings in Custom Truck One Source by 4.9% in the third quarter. Jane Street Group LLC now owns 89,432 shares of the company’s stock valued at $309,000 after buying an additional 4,155 shares in the last quarter. D.A. Davidson & CO. grew its position 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 acquiring an additional 4,975 shares during the period. R Squared Ltd purchased a new position in shares of Custom Truck One Source in the 4th quarter valued at about $39,000. SG Americas Securities LLC raised its holdings in Custom Truck One Source by 69.4% in the 4th quarter. SG Americas Securities LLC now owns 31,523 shares of the company’s stock worth $152,000 after purchasing an additional 12,913 shares during the period. Finally, Platform Technology Partners purchased a new position in Custom Truck One Source during the fourth quarter worth approximately $66,000. Institutional investors and hedge funds own 90.07% of the company’s stock.

Insider Activity

In related news, major shareholder Pe One Source Holdings, Llc acquired 8,143,635 shares of the stock in a transaction on 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 purchase, the insider now owns 156,743,635 shares of the company’s stock, valued at approximately $626,974,540. This represents a 5.48 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.60% of the company’s stock.

Custom Truck One Source Trading Down 1.3 %

CTOS stock opened at $5.06 on Friday. Custom Truck One Source, Inc. has a 12-month low of $3.03 and a 12-month high of $7.00. The business’s 50-day moving average is $5.02 and its 200 day moving average is $4.47. The company has a current ratio of 1.28, a quick ratio of 0.19 and a debt-to-equity ratio of 1.87. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -31.59 and a beta of 0.79.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer reduced their target price on Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating for the company in a research note 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).