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

Custom Truck One Source, Inc. (NYSE:CTOS) major shareholder Pe One Source Holdings, Llc acquired 8,143,635 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was bought at an average price of $4.00 per share, with a total value of $32,574,540.00. Following the acquisition, the insider now directly owns 156,743,635 shares of the company’s stock, valued at $626,974,540. The trade was a 5.48 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Custom Truck One Source Price Performance

Shares of CTOS stock traded down $0.29 during trading hours on Monday, reaching $4.81. The stock had a trading volume of 750,129 shares, compared to its average volume of 955,878. The stock’s fifty day simple moving average is $5.08 and its 200 day simple moving average is $4.46. The firm has a market capitalization of $1.12 billion, a PE ratio of -30.03 and a beta of 0.79. Custom Truck One Source, Inc. has a 12 month low of $3.03 and a 12 month high of $7.00. The company has a current ratio of 1.28, a quick ratio of 0.19 and a debt-to-equity ratio of 1.87.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Custom Truck One Source

Several hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new position in shares of Custom Truck One Source during the fourth quarter valued at approximately $39,000. Intech Investment Management LLC bought a new position in Custom Truck One Source during the third quarter valued at approximately $56,000. SG Americas Securities LLC purchased a new stake in Custom Truck One Source during the third quarter valued at approximately $64,000. Platform Technology Partners bought a new position in Custom Truck One Source during the 4th quarter valued at about $66,000. Finally, FMR LLC increased its stake 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 period. 90.07% of the stock is owned by institutional investors.

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).