Blair William & Co. IL Trims Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Blair William & Co. IL decreased its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 643,526 shares of the company’s stock after selling 30,625 shares during the period. Blair William & Co. IL owned approximately 0.39% of Verra Mobility worth $15,560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in shares of Verra Mobility by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock worth $179,743,000 after acquiring an additional 36,585 shares during the period. Barclays PLC grew its stake in Verra Mobility by 400.2% in the third quarter. Barclays PLC now owns 294,457 shares of the company’s stock worth $8,189,000 after purchasing an additional 235,589 shares during the period. State Street Corp raised its holdings in Verra Mobility by 6.0% in the third quarter. State Street Corp now owns 6,301,131 shares of the company’s stock worth $175,234,000 after purchasing an additional 357,078 shares in the last quarter. Citigroup Inc. lifted its position in Verra Mobility by 73.0% during the third quarter. Citigroup Inc. now owns 222,910 shares of the company’s stock valued at $6,199,000 after buying an additional 94,073 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of Verra Mobility by 179.2% during the 3rd quarter. Stifel Financial Corp now owns 57,186 shares of the company’s stock valued at $1,590,000 after buying an additional 36,705 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered their price target on shares of Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday.

Verra Mobility Trading Down 2.9 %

Verra Mobility stock opened at $20.19 on Friday. Verra Mobility Co. has a 12 month low of $19.51 and a 12 month high of $31.03. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The business’s fifty day simple moving average is $24.03 and its two-hundred day simple moving average is $24.77. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30.

Verra Mobility 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.