Custom Truck One Source, Inc. (NYSE:CTOS) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its position in Custom Truck One Source, Inc. (NYSE:CTOS - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,903,855 shares of the company's stock after acquiring an additional 592,571 shares during the period. Vanguard Group Inc. owned about 1.67% of Custom Truck One Source worth $18,778,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Canvas Wealth Advisors LLC increased its holdings in shares of Custom Truck One Source by 8.0% in the 4th quarter. Canvas Wealth Advisors LLC now owns 4,108,354 shares of the company's stock valued at $19,761,000 after purchasing an additional 303,744 shares in the last quarter. Boston Partners acquired a new stake in shares of Custom Truck One Source in the 4th quarter worth approximately $18,268,000. JPMorgan Chase & Co. boosted its position in Custom Truck One Source by 939.4% during the third quarter. JPMorgan Chase & Co. now owns 492,411 shares of the company's stock worth $1,699,000 after purchasing an additional 445,038 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Custom Truck One Source by 15.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,626 shares of the company's stock valued at $378,000 after acquiring an additional 14,906 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in 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 valued at $309,000 after acquiring an additional 4,155 shares in the last quarter. 90.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Oppenheimer increased their target price on Custom Truck One Source from $5.00 to $6.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. 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 research report on Wednesday, April 9th.

Insider Transactions at Custom Truck One Source

In other Custom Truck One Source news, major shareholder Pe One Source Holdings, Llc purchased 8,143,635 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average cost of $4.00 per share, with a total value of $32,574,540.00. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.60% of the company's stock.

Custom Truck One Source Trading Up 2.0 %

Custom Truck One Source stock traded up $0.08 during midday trading on Tuesday, reaching $3.84. The stock had a trading volume of 809,389 shares, compared to its average volume of 699,760. The stock's 50-day simple moving average is $4.34 and its 200 day simple moving average is $4.60. Custom Truck One Source, Inc. has a twelve month low of $3.03 and a twelve month high of $6.11. 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 stock has a market capitalization of $865.37 million, a PE ratio of -23.97 and a beta of 0.83.

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).