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

Custom Truck One Source, Inc. (NYSE:CTOS) major shareholder Pe One Source Holdings, Llc acquired 8,143,635 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were 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 of the company’s stock, valued at approximately $626,974,540. The trade was a 5.48 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Custom Truck One Source Stock Down 5.6 %

NYSE:CTOS traded down $0.29 on Monday, hitting $4.81. The stock had a trading volume of 750,129 shares, compared to its average volume of 955,878. The firm’s fifty day simple moving average is $5.08 and its two-hundred day simple moving average is $4.46. 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 1 year low of $3.03 and a 1 year high of $7.00. The stock has a market cap of $1.12 billion, a P/E ratio of -30.03 and a beta of 0.79.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in Custom Truck One Source by 939.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 492,411 shares of the company’s stock worth $1,699,000 after purchasing an additional 445,038 shares in the last quarter. Barclays PLC increased its position in shares of Custom Truck One Source by 349.6% during the third quarter. Barclays PLC now owns 84,526 shares of the company’s stock valued at $291,000 after acquiring an additional 65,725 shares in the last quarter. Black Diamond Financial LLC raised its stake in shares of Custom Truck One Source by 906.8% in the third quarter. Black Diamond Financial LLC now owns 1,427,000 shares of the company’s stock worth $4,923,000 after purchasing an additional 1,285,265 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Custom Truck One Source by 15.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,626 shares of the company’s stock valued at $378,000 after acquiring an additional 14,906 shares during the period. Finally, FMR LLC boosted its holdings in Custom Truck One Source by 1,234.8% in the third 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 last quarter. 90.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Oppenheimer dropped their price target 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.

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).