Geode Capital Management LLC Has $5.56 Million Stock Position in Custom Truck One Source, Inc. (NYSE:CTOS)

Geode Capital Management LLC lowered its stake in Custom Truck One Source, Inc. (NYSE:CTOS) by 3.9% during the fourth quarter, Holdings Channel reports. The firm owned 1,155,688 shares of the company’s stock after selling 47,204 shares during the period. Geode Capital Management LLC’s holdings in Custom Truck One Source were worth $5,561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners acquired a new position in shares of Custom Truck One Source in the 4th quarter valued at approximately $18,268,000. Vanguard Group Inc. increased its stake in Custom Truck One Source by 17.9% in the fourth quarter. Vanguard Group Inc. now owns 3,903,855 shares of the company’s stock valued at $18,778,000 after acquiring an additional 592,571 shares during the last quarter. JPMorgan Chase & Co. raised 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 valued at $1,699,000 after purchasing an additional 445,038 shares in the last quarter. Canvas Wealth Advisors LLC lifted its stake in Custom Truck One Source by 8.0% during the fourth quarter. Canvas Wealth Advisors LLC now owns 4,108,354 shares of the company’s stock worth $19,761,000 after purchasing an additional 303,744 shares during the last quarter. Finally, Heartland Advisors Inc. boosted its holdings in shares of Custom Truck One Source by 26.3% in the 4th quarter. Heartland Advisors Inc. now owns 1,200,000 shares of the company’s stock valued at $5,772,000 after purchasing an additional 250,000 shares in the last quarter. Institutional investors own 90.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Oppenheimer boosted their price target on Custom Truck One Source from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Stifel Nicolaus decreased 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 Buying and Selling

In other Custom Truck One Source news, major shareholder Pe One Source Holdings, Llc acquired 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 price of $4.00 per share, for a total transaction of $32,574,540.00. Following the acquisition, the insider now directly owns 156,743,635 shares in the company, valued at $626,974,540. This represents a 5.48 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.60% of the stock is currently owned by corporate insiders.

Custom Truck One Source Stock Performance

NYSE CTOS opened at $4.34 on Friday. The firm’s fifty day moving average price is $4.29 and its two-hundred day moving average price is $4.61. The stock has a market cap of $979.33 million, a PE ratio of -27.13 and a beta of 0.83. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.19 and a current ratio of 1.28. Custom Truck One Source, Inc. has a fifty-two week low of $3.03 and a fifty-two week high of $6.11.

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).