Wellington Management Group LLP Trims Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Wellington Management Group LLP reduced its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,535,713 shares of the company’s stock after selling 530,082 shares during the period. Wellington Management Group LLP owned about 4.72% of Verra Mobility worth $182,214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Verra Mobility by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock valued at $179,743,000 after buying an additional 36,585 shares in the last quarter. Barclays PLC lifted its holdings in Verra Mobility by 400.2% in the 3rd quarter. Barclays PLC now owns 294,457 shares of the company’s stock valued at $8,189,000 after purchasing an additional 235,589 shares in the last quarter. State Street Corp boosted its position in Verra Mobility by 6.0% during the third quarter. State Street Corp now owns 6,301,131 shares of the company’s stock worth $175,234,000 after acquiring an additional 357,078 shares during the last quarter. 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 worth $1,590,000 after purchasing an additional 36,705 shares during the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new position in Verra Mobility during the third quarter worth $857,000.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley dropped 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 note on Thursday, March 27th.

Verra Mobility Stock Up 1.3 %

Shares of NASDAQ VRRM opened at $23.31 on Thursday. The business’s 50 day moving average is $23.86 and its two-hundred day moving average is $24.67. Verra Mobility Co. has a 52-week low of $19.51 and a 52-week high of $31.03. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 2.18 and a beta of 1.30. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

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.