Canvas Wealth Advisors LLC Raises Holdings in Custom Truck One Source, Inc. (NYSE:CTOS)

Canvas Wealth Advisors LLC raised its holdings in shares of Custom Truck One Source, Inc. (NYSE:CTOS) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,108,354 shares of the company’s stock after purchasing an additional 303,744 shares during the quarter. Custom Truck One Source accounts for approximately 5.0% of Canvas Wealth Advisors LLC’s portfolio, making the stock its 3rd largest position. Canvas Wealth Advisors LLC owned about 1.76% of Custom Truck One Source worth $19,761,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. R Squared Ltd bought a new stake in shares of Custom Truck One Source during the fourth quarter worth about $39,000. Intech Investment Management LLC bought a new stake in Custom Truck One Source during the 3rd quarter worth approximately $56,000. SG Americas Securities LLC purchased a new stake in shares of Custom Truck One Source in the third quarter worth approximately $64,000. Platform Technology Partners bought a new position in shares of Custom Truck One Source in the fourth quarter valued at approximately $66,000. Finally, FMR LLC lifted its holdings in shares of Custom Truck One Source by 1,234.8% in the third quarter. FMR LLC now owns 28,846 shares of the company’s stock valued at $100,000 after purchasing an additional 26,685 shares in the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.

Wall Street Analyst Weigh In

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

Custom Truck One Source Stock Performance

Shares of Custom Truck One Source stock opened at $5.06 on Monday. The firm has a market capitalization of $1.18 billion, a P/E ratio of -31.59 and a beta of 0.79. 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 business’s fifty day simple moving average is $5.02 and its 200 day simple moving average is $4.47. Custom Truck One Source, Inc. has a 12 month low of $3.03 and a 12 month high of $7.00.

Insider Activity at Custom Truck One Source

In other news, major shareholder Pe One Source Holdings, Llc purchased 8,143,635 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were purchased 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 in the company, valued at $626,974,540. This trade represents a 5.48 % increase in their position. The acquisition 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 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).