Potential Custom Truck One Source, Inc. (NYSE:CTOS) shareholders may wish to note that the Independent Chairman of the Board, Marshall Heinberg, recently bought US$163k worth of stock, paying US$4.07 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 11%.
Custom Truck One Source Insider Transactions Over The Last Year
The Independent Director Mark Ein made the biggest insider purchase in the last 12 months. That single transaction was for US$496k worth of shares at a price of US$4.96 each. That means that even when the share price was higher than US$4.53 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Custom Truck One Source insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Custom Truck One Source Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Custom Truck One Source insiders own 4.7% of the company, worth about US$51m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Custom Truck One Source Insiders?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Insiders likely see value in Custom Truck One Source shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Custom Truck One Source. When we did our research, we found 3 warning signs for Custom Truck One Source (1 can't be ignored!) that we believe deserve your full attention.
But note: Custom Truck One Source may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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