Custom Truck One Source, Inc. (NYSE:CTOS) Shares Bought by Heartland Advisors Inc.

Heartland Advisors Inc. raised its holdings in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 26.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,200,000 shares of the company’s stock after acquiring an additional 250,000 shares during the period. Heartland Advisors Inc. owned approximately 0.51% of Custom Truck One Source worth $5,772,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CTOS. Jane Street Group LLC boosted its holdings in Custom Truck One Source by 4.9% in the third quarter. Jane Street Group LLC now owns 89,432 shares of the company’s stock valued at $309,000 after purchasing an additional 4,155 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Custom Truck One Source by 20.5% in the third quarter. D.A. Davidson & CO. now owns 29,240 shares of the company’s stock valued at $101,000 after acquiring an additional 4,975 shares during the period. Stoneridge Investment Partners LLC boosted its position in 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 worth $146,000 after purchasing an additional 5,478 shares in the last quarter. R Squared Ltd purchased a new stake in Custom Truck One Source in the 4th quarter worth approximately $39,000. Finally, Intech Investment Management LLC increased its holdings in shares of 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 purchasing an additional 8,514 shares in the last quarter. 90.07% of the stock is owned by hedge funds and other institutional investors.

Custom Truck One Source Stock Down 4.2 %

Custom Truck One Source stock opened at $4.45 on Friday. Custom Truck One Source, Inc. has a 12 month low of $3.03 and a 12 month high of $6.27. The stock has a market capitalization of $1.00 billion, a PE ratio of -27.83 and a beta of 0.67. 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 business has a 50 day simple moving average of $4.88 and a 200-day simple moving average of $4.58.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer increased 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.

Insider Buying and Selling at Custom Truck One Source

In other news, major shareholder Pe One Source Holdings, Llc bought 8,143,635 shares of Custom Truck One Source stock in a transaction on Thursday, January 30th. The stock was acquired at an average price of $4.00 per share, with a total value of $32,574,540.00. Following the completion of the acquisition, the insider now directly owns 156,743,635 shares of the company’s stock, valued at $626,974,540. The trade was a 5.48 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.60% of the company’s stock.

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).