Alliancebernstein L.P. Cuts Stake in Custom Truck One Source, Inc. (NYSE:CTOS)

Alliancebernstein L.P. cut its position in Custom Truck One Source, Inc. (NYSE:CTOS) by 22.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 64,940 shares of the company’s stock after selling 19,150 shares during the period. Alliancebernstein L.P.’s holdings in Custom Truck One Source were worth $312,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CTOS. JPMorgan Chase & Co. raised its holdings in Custom Truck One Source by 939.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 492,411 shares of the company’s stock worth $1,699,000 after acquiring an additional 445,038 shares during the last quarter. Canvas Wealth Advisors LLC boosted its position in shares of 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 valued at $19,761,000 after buying an additional 303,744 shares during the last quarter. Boston Partners bought a new position in Custom Truck One Source during the 4th quarter valued at about $18,268,000. Barclays PLC boosted its holdings in shares of Custom Truck One Source by 349.6% during the 3rd quarter. Barclays PLC now owns 84,526 shares of the company’s stock valued at $291,000 after acquiring an additional 65,725 shares during the last quarter. Finally, Heartland Advisors Inc. grew its stake in shares of Custom Truck One Source by 26.3% in the fourth quarter. Heartland Advisors Inc. now owns 1,200,000 shares of the company’s stock worth $5,772,000 after acquiring an additional 250,000 shares during the period. Institutional investors own 90.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CTOS shares. Stifel Nicolaus dropped their target price on shares of 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. Oppenheimer lifted their price objective 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.

Insider Activity at Custom Truck One Source

In related news, major shareholder Pe One Source Holdings, Llc acquired 8,143,635 shares of Custom Truck One Source stock in a transaction dated 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

Custom Truck One Source Trading Down 0.5 %

Shares of CTOS stock opened at $3.78 on Tuesday. The firm has a fifty day moving average price of $4.37 and a 200-day moving average price of $4.60. Custom Truck One Source, Inc. has a 1 year low of $3.03 and a 1 year high of $6.11. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19. The company has a market cap of $852.96 million, a price-to-earnings ratio of -23.63 and a beta of 0.83.

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).