Cibc World Markets Corp acquired a new position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,423 shares of the company's stock, valued at approximately $373,000.
A number of other large investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its holdings in Verra Mobility by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock worth $154,000 after acquiring an additional 409 shares during the period. Tealwood Asset Management Inc. grew its position in shares of Verra Mobility by 1.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company's stock worth $1,069,000 after buying an additional 592 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Verra Mobility by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,645 shares of the company's stock valued at $693,000 after acquiring an additional 725 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Verra Mobility by 192.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company's stock valued at $32,000 after acquiring an additional 745 shares during the period. Finally, Integrated Wealth Concepts LLC raised its position in shares of Verra Mobility by 3.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 27,813 shares of the company's stock valued at $774,000 after acquiring an additional 844 shares during the period.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley cut their target price on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Thursday.
Read Our Latest Stock Analysis on Verra Mobility
Verra Mobility Stock Down 1.1 %
VRRM stock traded down $0.24 during mid-day trading on Thursday, hitting $20.80. 1,085,074 shares of the company were exchanged, compared to its average volume of 1,069,903. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. Verra Mobility Co. has a 1-year low of $19.51 and a 1-year high of $31.03. The firm's 50 day simple moving average is $24.22 and its 200 day simple moving average is $24.84. The firm has a market cap of $3.32 billion, a P/E ratio of 34.67, a P/E/G ratio of 2.18 and a beta of 1.30.
Verra Mobility Company Profile
(
Free Report)
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.
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