Heartland Advisors Inc. Grows Stock Holdings in Custom Truck One Source, Inc. (NYSE:CTOS)

Heartland Advisors Inc. grew its stake in Custom Truck One Source, Inc. (NYSE:CTOS) by 26.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,200,000 shares of the company’s stock after purchasing an additional 250,000 shares during the period. Heartland Advisors Inc.’s holdings in Custom Truck One Source were worth $5,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in Custom Truck One Source in the 4th quarter valued at $39,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Custom Truck One Source in the fourth quarter valued at about $56,000. Platform Technology Partners acquired a new stake in Custom Truck One Source during the fourth quarter worth about $66,000. Intech Investment Management LLC purchased a new position in Custom Truck One Source during the third quarter worth about $56,000. Finally, FMR LLC boosted its holdings 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 valued at $100,000 after purchasing an additional 26,685 shares during the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Oppenheimer raised their price target on shares of Custom Truck One Source from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th.

Custom Truck One Source Trading Down 4.2 %

Shares of CTOS stock opened at $4.45 on Friday. The company has a 50-day moving average of $4.88 and a two-hundred day moving average of $4.58. The firm has a market cap of $1.00 billion, a PE ratio of -27.83 and a beta of 0.67. Custom Truck One Source, Inc. has a 1-year low of $3.03 and a 1-year high of $6.27. 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 acquired 8,143,635 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were purchased at an average price of $4.00 per share, for a total transaction of $32,574,540.00. Following the acquisition, the insider now owns 156,743,635 shares of the company’s stock, valued at $626,974,540. This represents a 5.48 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.60% of the stock is currently owned by corporate insiders.

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).