On August 6, 2024, Thomas Rich, President - Rentals at Custom Truck One Source Inc (CTOS, Financial), purchased 26,200 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 224,778 shares of Custom Truck One Source Inc.
Custom Truck One Source Inc operates in the heavy machinery sector, specializing in the manufacture and supply of custom truck and heavy equipment solutions. This includes sales, rentals, and services of new and used equipment.
Over the past year, Thomas Rich has engaged in the purchase of 26,200 shares and has not sold any shares. This recent acquisition aligns with a broader trend within the company, where there have been 11 insider buys and only 2 insider sells over the past year.
Shares of Custom Truck One Source Inc were priced at $3.84 on the day of the transaction. The company currently holds a market cap of approximately $956.654 million.
The stock's valuation metrics, such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are calculated based on historical trading multiples, adjustments for past performance, and future business projections.
According to the GF Value, the intrinsic value of Custom Truck One Source Inc is estimated at $7.60 per share, suggesting that the stock is currently undervalued with a price-to-GF-Value ratio of 0.51, indicating it is a Possible Value Trap, Think Twice.
This insider buying activity could be a significant indicator for investors, reflecting a positive sentiment from high-level executives regarding the company's future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
