Custom Truck One Source (NYSE:CTOS) Stock Price Down 4.7% - What's Next?

Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report)'s stock price dropped 4.7% on Tuesday . The stock traded as low as $3.95 and last traded at $3.96. Approximately 138,193 shares changed hands during trading, a decline of 80% from the average daily volume of 700,937 shares. The stock had previously closed at $4.15.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Oppenheimer increased their price target on Custom Truck One Source from $5.00 to $6.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Baird R W cut Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a report on Monday. Stifel Nicolaus reduced their target price on Custom Truck One Source from $5.50 to $5.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, Robert W. Baird lowered Custom Truck One Source from an "outperform" rating to a "neutral" rating and set a $5.00 price target on the stock. in a research report on Monday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Custom Truck One Source has an average rating of "Hold" and a consensus target price of $5.25.

Custom Truck One Source Trading Down 1.1 %

The stock has a market cap of $926.30 million, a price-to-earnings ratio of -25.54 and a beta of 0.83. The business has a 50-day simple moving average of $4.28 and a two-hundred day simple moving average of $4.64. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19.

Insider Buying and Selling

In other news, major shareholder Pe One Source Holdings, Llc purchased 8,143,635 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average cost of $4.00 per share, with a total value of $32,574,540.00. Following the acquisition, the insider now owns 156,743,635 shares in the company, valued at approximately $626,974,540. This trade represents a 5.48 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CTOS. Catawba River Capital increased its position in Custom Truck One Source by 1.4% during the first quarter. Catawba River Capital now owns 1,367,779 shares of the company's stock worth $5,772,000 after acquiring an additional 18,559 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Custom Truck One Source during the first quarter worth approximately $43,000. Allspring Global Investments Holdings LLC raised its position in shares of Custom Truck One Source by 2.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,307,058 shares of the company's stock valued at $18,090,000 after buying an additional 93,090 shares in the last quarter. Canvas Wealth Advisors LLC boosted its stake in shares of Custom Truck One Source by 8.8% in the first quarter. Canvas Wealth Advisors LLC now owns 4,468,342 shares of the company's stock valued at $17,158,000 after buying an additional 359,988 shares during the period. Finally, Register Financial Advisors LLC grew its position in Custom Truck One Source by 12.8% during the first quarter. Register Financial Advisors LLC now owns 110,300 shares of the company's stock worth $465,000 after buying an additional 12,500 shares in the last quarter. Institutional investors own 90.07% of the company's stock.

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).

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