Biondo Investment Advisors LLC Purchases 31,000 Shares of Custom Truck One Source, Inc. (NYSE:CTOS)

Biondo Investment Advisors LLC increased its position in Custom Truck One Source, Inc. (NYSE:CTOS) by 77.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 71,000 shares of the company’s stock after buying an additional 31,000 shares during the quarter. Biondo Investment Advisors LLC’s holdings in Custom Truck One Source were worth $342,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Intech Investment Management LLC acquired a new position in shares of Custom Truck One Source during the third quarter valued at about $56,000. D.A. Davidson & CO. boosted its stake in Custom Truck One Source by 20.5% during the 3rd quarter. D.A. Davidson & CO. now owns 29,240 shares of the company’s stock valued at $101,000 after purchasing an additional 4,975 shares during the last quarter. FMR LLC increased its holdings 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 worth $100,000 after purchasing an additional 26,685 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Custom Truck One Source by 15.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,626 shares of the company’s stock worth $378,000 after purchasing an additional 14,906 shares during the last quarter. Finally, Paloma Partners Management Co lifted its holdings in shares of Custom Truck One Source by 17.5% in the third quarter. Paloma Partners Management Co now owns 256,146 shares of the company’s stock valued at $884,000 after purchasing an additional 38,242 shares in the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.

Custom Truck One Source Stock Down 4.2 %

Custom Truck One Source stock opened at $4.45 on Friday. The firm has a market capitalization of $1.00 billion, a price-to-earnings 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 current ratio of 1.28, a quick ratio of 0.19 and a debt-to-equity ratio of 1.87. The firm has a 50 day simple moving average of $4.88 and a 200 day simple moving average of $4.58.

Analyst Upgrades and Downgrades

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

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 business’s stock in a transaction dated Thursday, January 30th. The stock was bought 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 owns 156,743,635 shares of the company’s stock, valued at $626,974,540. This trade represents a 5.48 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 5.60% of the stock is currently owned by 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).