Equitable Trust Co. Cuts Stake in Verra Mobility Co. (NASDAQ:VRRM)

Equitable Trust Co. decreased its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 91.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,245 shares of the company’s stock after selling 400,630 shares during the period. Equitable Trust Co.’s holdings in Verra Mobility were worth $949,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in VRRM. US Bancorp DE raised its holdings in Verra Mobility by 10.3% during the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock valued at $125,000 after buying an additional 418 shares during the last quarter. Signaturefd LLC raised its holdings in Verra Mobility by 112.4% during the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after buying an additional 561 shares during the last quarter. Tealwood Asset Management Inc. raised its holdings in Verra Mobility by 1.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company’s stock valued at $1,069,000 after buying an additional 592 shares during the last quarter. RiverPark Advisors LLC raised its holdings in Verra Mobility by 3.5% during the 3rd quarter. RiverPark Advisors LLC now owns 19,217 shares of the company’s stock valued at $534,000 after buying an additional 642 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Verra Mobility by 27.5% during the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock valued at $88,000 after buying an additional 694 shares during the last quarter.

Wall Street Analyst Weigh In

VRRM has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a report on Friday, November 1st. Robert W. Baird decreased their price objective on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Morgan Stanley decreased their price objective on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th.

Verra Mobility Stock Up 0.5 %

Shares of NASDAQ VRRM opened at $25.92 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a 12 month low of $20.26 and a 12 month high of $31.03. The firm has a market capitalization of $4.27 billion, a PE ratio of 43.20, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24. The firm has a fifty day simple moving average of $24.82 and a two-hundred day simple moving average of $25.89.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.