Motley Fool Asset Management LLC Takes Position in Verra Mobility Co. (NASDAQ:VRRM)

Motley Fool Asset Management LLC acquired a new position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 61,200 shares of the company's stock, valued at approximately $1,480,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRRM. JPMorgan Chase & Co. boosted its position in shares of Verra Mobility by 0.6% during 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 during the last quarter. Barclays PLC boosted its holdings in Verra Mobility by 400.2% during the 3rd quarter. Barclays PLC now owns 294,457 shares of the company's stock worth $8,189,000 after acquiring an additional 235,589 shares during the last quarter. State Street Corp raised its holdings in shares of Verra Mobility by 6.0% in 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 last quarter. Stifel Financial Corp lifted its position in shares of Verra Mobility by 179.2% during the third quarter. Stifel Financial Corp now owns 57,186 shares of the company's stock valued at $1,590,000 after purchasing an additional 36,705 shares in the last quarter. Finally, Orion Portfolio Solutions LLC bought a new position in shares of Verra Mobility during the 3rd quarter worth approximately $857,000.

Verra Mobility Price Performance

Shares of NASDAQ:VRRM traded down $0.77 on Tuesday, hitting $20.92. The company's stock had a trading volume of 653,529 shares, compared to its average volume of 1,244,110. Verra Mobility Co. has a 1 year low of $19.51 and a 1 year high of $31.03. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. The company has a market capitalization of $3.34 billion, a PE ratio of 34.93, a PEG ratio of 2.18 and a beta of 0.91. The company has a 50-day simple moving average of $23.60 and a 200 day simple moving average of $24.55.

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Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut their price target 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, March 27th.

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.