JPMorgan Chase & Co. Sells 105,898 Shares of Verra Mobility Co. (NASDAQ:VRRM)

JPMorgan Chase & Co. lowered its position in Verra Mobility Co. (NASDAQ:VRRM) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,357,348 shares of the company’s stock after selling 105,898 shares during the period. JPMorgan Chase & Co. owned approximately 3.86% of Verra Mobility worth $153,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Verra Mobility by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company’s stock worth $425,861,000 after acquiring an additional 159,348 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Verra Mobility by 13.2% during the third quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock worth $224,310,000 after purchasing an additional 941,127 shares during the last quarter. State Street Corp boosted its stake in shares of Verra Mobility by 6.0% during the third quarter. State Street Corp now owns 6,301,131 shares of the company’s stock valued at $175,234,000 after purchasing an additional 357,078 shares during the period. Handelsbanken Fonder AB grew its holdings in shares of Verra Mobility by 5.0% in the fourth quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company’s stock worth $101,938,000 after purchasing an additional 200,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Verra Mobility by 0.5% in the third quarter. Geode Capital Management LLC now owns 3,904,750 shares of the company’s stock worth $108,612,000 after purchasing an additional 17,688 shares during the last quarter.

Verra Mobility Price Performance

Shares of NASDAQ VRRM opened at $23.02 on Wednesday. The firm has a market cap of $3.67 billion, a P/E ratio of 38.37, a P/E/G ratio of 2.18 and a beta of 1.30. Verra Mobility Co. has a 52 week low of $19.51 and a 52 week high of $31.03. The business’s 50 day moving average price is $23.91 and its 200 day moving average price is $24.68. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

Analyst Ratings Changes

Separately, Morgan Stanley lowered their price objective 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, March 27th.

About Verra Mobility

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.