Bank of New York Mellon Corp Has $25.30 Million Stake in Verra Mobility Co. (NASDAQ:VRRM)

Bank of New York Mellon Corp trimmed its holdings in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,046,161 shares of the company's stock after selling 28,551 shares during the period. Bank of New York Mellon Corp owned 0.63% of Verra Mobility worth $25,296,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in shares of 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 purchasing an additional 36,585 shares during the last quarter. Barclays PLC grew 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 buying an additional 235,589 shares in the last quarter. State Street Corp increased its position in Verra Mobility by 6.0% during the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company's stock worth $175,234,000 after buying an additional 357,078 shares during the period. Braun Stacey Associates Inc. lifted its holdings in shares of Verra Mobility by 148.0% during the third quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company's stock worth $12,234,000 after buying an additional 262,509 shares in the last quarter. Finally, Citigroup Inc. grew its position in shares of Verra Mobility by 73.0% during the 3rd quarter. Citigroup Inc. now owns 222,910 shares of the company's stock worth $6,199,000 after purchasing an additional 94,073 shares in the last quarter.

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Verra Mobility Price Performance

Verra Mobility stock traded up $0.48 during mid-day trading on Thursday, reaching $20.24. 895,882 shares of the company were exchanged, compared to its average volume of 1,065,875. The company has a fifty day simple moving average of $24.99 and a 200-day simple moving average of $25.29. The firm has a market cap of $3.33 billion, a PE ratio of 33.73, a PEG ratio of 2.18 and a beta of 1.30. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility Co. has a 12 month low of $19.51 and a 12 month high of $31.03.

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.