Black Diamond Financial LLC Trims Position in Custom Truck One Source, Inc. (NYSE:CTOS)

Black Diamond Financial LLC trimmed its holdings in Custom Truck One Source, Inc. (NYSE:CTOS) by 29.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,012,247 shares of the company’s stock after selling 414,753 shares during the period. Black Diamond Financial LLC owned 0.43% of Custom Truck One Source worth $4,869,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Custom Truck One Source during the fourth quarter worth about $39,000. Platform Technology Partners purchased a new position in Custom Truck One Source during the fourth quarter worth about $66,000. Intech Investment Management LLC purchased a new position in Custom Truck One Source during the third quarter worth about $56,000. SG Americas Securities LLC purchased a new position in Custom Truck One Source during the third quarter worth about $64,000. Finally, FMR LLC raised its holdings in Custom Truck One Source by 1,234.8% during the third 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. 90.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Oppenheimer lowered their target price on shares of Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th.

Insiders Place Their Bets

In other Custom Truck One Source news, major shareholder Pe One Source Holdings, Llc purchased 8,143,635 shares of the stock in a transaction dated Thursday, January 30th. The shares were acquired at an average cost 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 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 company insiders.

Custom Truck One Source Trading Down 3.6 %

Shares of CTOS opened at $4.63 on Monday. 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’s 50-day moving average is $4.92 and its two-hundred day moving average is $4.50. Custom Truck One Source, Inc. has a twelve month low of $3.03 and a twelve month high of $6.77. The firm has a market capitalization of $1.08 billion, a P/E ratio of -28.91 and a beta of 0.79.

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).