Stoneridge Investment Partners LLC Boosts Stake in Custom Truck One Source, Inc. (NYSE:CTOS)

Stoneridge Investment Partners LLC lifted its holdings in Custom Truck One Source, Inc. (NYSE:CTOS) by 22.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,335 shares of the company’s stock after buying an additional 5,478 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in Custom Truck One Source were worth $146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CTOS. R Squared Ltd purchased a new stake in Custom Truck One Source in the fourth quarter worth $39,000. Platform Technology Partners purchased a new position in Custom Truck One Source in the 4th quarter worth about $66,000. Intech Investment Management LLC bought a new stake in Custom Truck One Source during the 3rd quarter valued at about $56,000. SG Americas Securities LLC purchased a new stake in Custom Truck One Source in the 3rd quarter valued at about $64,000. Finally, FMR LLC grew its stake in 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 acquiring an additional 26,685 shares in the last quarter. 90.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Pe One Source Holdings, Llc purchased 8,143,635 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were acquired at an average cost of $4.00 per share, with a total value of $32,574,540.00. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.60% of the stock is currently owned by company insiders.

Custom Truck One Source Trading Down 1.3 %

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

Analyst Ratings Changes

Separately, Oppenheimer decreased their price target on shares of 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.

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).