Custom Truck One Source (NYSE:CTOS) Trading Down 6.6% – Time to Sell?

Custom Truck One Source, Inc. (NYSE:CTOS) dropped 6.6% during trading on Monday . The stock traded as low as $4.71 and last traded at $4.75. Approximately 114,035 shares were traded during trading, a decline of 88% from the average daily volume of 923,318 shares. The stock had previously closed at $5.09.

Analysts Set New Price Targets

Separately, Oppenheimer lowered their price objective 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.

Custom Truck One Source Price Performance

The stock has a 50-day simple moving average of $5.07 and a 200 day simple moving average of $4.46. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87. The company has a market cap of $1.26 billion, a PE ratio of -33.86 and a beta of 0.79.

Insider Transactions at Custom Truck One Source

In related news, major shareholder Pe One Source Holdings, Llc acquired 8,143,635 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were bought at an average price 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 in the company, valued at $626,974,540. This trade represents a 5.48 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of Custom Truck One Source

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its stake in shares of Custom Truck One Source by 4.9% during the 3rd quarter. Jane Street Group LLC now owns 89,432 shares of the company’s stock worth $309,000 after purchasing an additional 4,155 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Custom Truck One Source by 20.5% during the 3rd quarter. D.A. Davidson & CO. now owns 29,240 shares of the company’s stock worth $101,000 after acquiring an additional 4,975 shares in the last quarter. Stoneridge Investment Partners LLC increased its stake in Custom Truck One Source by 22.0% in the 4th quarter. Stoneridge Investment Partners LLC now owns 30,335 shares of the company’s stock valued at $146,000 after purchasing an additional 5,478 shares in the last quarter. R Squared Ltd acquired a new position in Custom Truck One Source during the fourth quarter worth $39,000. Finally, SG Americas Securities LLC increased its position in shares of Custom Truck One Source by 69.4% in the fourth quarter. SG Americas Securities LLC now owns 31,523 shares of the company’s stock valued at $152,000 after buying an additional 12,913 shares in the last quarter. 90.07% of the stock is owned by hedge funds and other institutional investors.

Custom Truck One Source Company 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).