Custom Truck One Source, Inc. (NYSE:CTOS) has seen a notable reduction in its share value, with Kennedy Capital Management LLC trimming its position in the company by 37.6% in the fourth quarter. The institutional investor, which owned 403,596 shares of CTOS stock, sold 243,024 shares during the period. The sale is valued at $1,941,000.
Other Investors Are Also Buying or Selling
Other investors have also made significant moves in the stock. R Squared Ltd, a hedge fund, has acquired 39,000 shares of CTOS stock worth $39,000. KLP Kapitalforvaltning AS has purchased a new position in the company, valued at approximately $56,000. Platform Technology Partners has also bought shares, worth around $66,000. FMR LLC, a well-known hedge fund, has increased its stake in CTOS, purchasing an additional 26,685 shares, which valued at $100,000. Additionally, Intech Investment Management LLC has boosted its stake in CTOS by 52.4%, owning 24,747 shares worth $119,000.
Analyst Insights
Analysts have provided mixed views on the stock. Oppenheimer has upgraded its target price for CTOS from $5.00 to $6.00 and given the company an “outperform” rating. However, Stifel Nicolaus has decreased its price objective from $5.50 to $5.00 and set a “hold” rating. This mixed sentiment may indicate a volatile market for the stock.
Company Profile
Custom Truck One Source, Inc. is a specialty equipment rental and sale company that provides services to various industries, including electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and others. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).
Insider Activity
Pe One Source Holdings, Llc, a major shareholder, has acquired 8,143,635 shares of CTOS stock worth $32,574,540. Following the purchase, the insider now owns 156,743,635 shares in the company, valued at approximately $626,974,540. This represents a 5.48% increase in their ownership of the stock.
Key Statistics
| Market Capitalization | $832.65 million |
| Price-to-Earnings Ratio | -23.06 |
| Beta | 0.83 |
| 50 Day Simple Moving Average | $4.52 |
| 200 Day Simple Moving Average | $4.60 |
Trading Activity
Shares of CTOS stock opened at $3.69 on Tuesday. The stock has a debt-to-equity ratio of 1.87, a current ratio of 1.28, and a quick ratio of 0.19.
The company’s 1 year low is $3.03, while its 1 year high is $6.11. The stock has seen significant trading activity, with the price fluctuating between these two points.
Research reports have been issued for Custom Truck One Source, Inc. by various firms.
“According to the latest 13F filings, hedge funds and other institutional investors own 90.07% of the company’s stock. Investors can find the latest 13F filings and insider trades for Custom Truck One Source, Inc. on HoldingsChannel.com.”
Custom Truck One Source, Inc. (NYSE:CTOS) has experienced a notable decline in its share value, with Kennedy Capital Management LLC trimming its position in the company by 37.6% in the fourth quarter. Other investors have also made significant moves in the stock, with R Squared Ltd, KLP Kapitalforvaltning AS, and Platform Technology Partners acquiring shares worth $39,000, $56,000, and $66,000, respectively. FMR LLC has increased its stake in CTOS, purchasing an additional 26,685 shares valued at $100,000. Intech Investment Management LLC has also boosted its stake in CTOS by 52.4%, owning 24,747 shares worth $119,000.
The mixed sentiment from analysts, with Oppenheimer upgrading its target price to $6.00 and giving the company an “outperform” rating, and Stifel Nicolaus decreasing its price objective to $5.00 and setting a “hold” rating, may indicate a volatile market for the stock. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).
Pe One Source Holdings, Llc, a major shareholder, has acquired 8,143,635 shares of CTOS stock worth $32,574,540. This represents a 5.48% increase in their ownership of the stock.
Custom Truck One Source, Inc. has a market capitalization of $832.65 million, a price-to-earnings ratio of -23.06, and a beta of 0.83. The company’s 50 day simple moving average is $4.52 and its 200 day simple moving average is $4.60.
