Sei Investments Co. Has $599,000 Stock Position in Custom Truck One Source, Inc. (NYSE:CTOS)

Sei Investments Co. lessened its stake in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 124,565 shares of the company’s stock after selling 4,160 shares during the period. Sei Investments Co. owned about 0.05% of Custom Truck One Source worth $599,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Custom Truck One Source in the fourth quarter worth $39,000. Platform Technology Partners acquired a new stake in Custom Truck One Source during the 4th quarter worth about $66,000. FMR LLC grew its stake in Custom Truck One Source by 1,234.8% during the 3rd quarter. FMR LLC now owns 28,846 shares of the company’s stock valued at $100,000 after acquiring an additional 26,685 shares in the last quarter. Intech Investment Management LLC grew its stake in Custom Truck One Source by 52.4% during the 4th quarter. Intech Investment Management LLC now owns 24,747 shares of the company’s stock valued at $119,000 after acquiring an additional 8,514 shares in the last quarter. Finally, Stoneridge Investment Partners LLC increased its holdings in shares of 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 during the period. 90.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on CTOS. Stifel Nicolaus lowered their price objective on shares of Custom Truck One Source from $5.50 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday. Oppenheimer lifted their target price on shares of 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.

Insider Buying and Selling at Custom Truck One Source

In related news, major shareholder Pe One Source Holdings, Llc bought 8,143,635 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were bought at an average cost of $4.00 per share, for a total transaction of $32,574,540.00. Following the completion of the acquisition, the insider now directly owns 156,743,635 shares in the company, valued at approximately $626,974,540. This represents a 5.48 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Custom Truck One Source Stock Up 11.4 %

Shares of Custom Truck One Source stock opened at $3.78 on Thursday. The stock has a 50-day simple moving average of $4.62 and a 200-day simple moving average of $4.59. Custom Truck One Source, Inc. has a 52-week low of $3.03 and a 52-week high of $6.11. The firm has a market cap of $852.06 million, a price-to-earnings ratio of -23.60 and a beta of 0.83. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19.

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).