Catawba River Capital Sells 5,917 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

Catawba River Capital lowered its stake in Custom Truck One Source, Inc. (NYSE:CTOS) by 0.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,349,220 shares of the company’s stock after selling 5,917 shares during the period. Custom Truck One Source makes up approximately 3.9% of Catawba River Capital’s portfolio, making the stock its 14th biggest holding. Catawba River Capital’s holdings in Custom Truck One Source were worth $6,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of CTOS. R Squared Ltd purchased a new position in Custom Truck One Source during the fourth quarter valued at $39,000. Platform Technology Partners purchased a new position in Custom Truck One Source in the fourth quarter worth about $66,000. Intech Investment Management LLC bought a new stake in shares of Custom Truck One Source during the 3rd quarter valued at about $56,000. SG Americas Securities LLC purchased a new stake in shares of Custom Truck One Source during the 3rd quarter valued at about $64,000. Finally, FMR LLC lifted its stake in shares of Custom Truck One Source by 1,234.8% in the 3rd quarter. FMR LLC now owns 28,846 shares of the company’s stock worth $100,000 after purchasing an additional 26,685 shares during the period. Institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Price Performance

Shares of CTOS opened at $5.23 on Tuesday. 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 1 year low of $3.03 and a 1 year high of $7.00. The company has a 50 day simple moving average of $5.01 and a two-hundred day simple moving average of $4.47.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, major shareholder Pe One Source Holdings, Llc bought 8,143,635 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were bought 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 approximately $626,974,540. This represents a 5.48 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.60% of the stock is owned by company insiders.

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).