CenterBook Partners LP bought a new position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 42,729 shares of the company's stock, valued at approximately $1,033,000.
A number of other large investors have also modified their holdings of the business. Smartleaf Asset Management LLC raised its position in Verra Mobility by 245.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after acquiring an additional 1,640 shares in the last quarter. Avanza Fonder AB acquired a new position in shares of Verra Mobility during the 4th quarter worth $74,000. Aster Capital Management DIFC Ltd increased its holdings in shares of Verra Mobility by 585.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock valued at $114,000 after purchasing an additional 4,031 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Verra Mobility in the fourth quarter valued at about $129,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Verra Mobility by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock worth $154,000 after buying an additional 409 shares in the last quarter.
Analyst Ratings Changes
Separately, Morgan Stanley dropped their target price on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th.
Get Our Latest Research Report on VRRM
Verra Mobility Price Performance
Shares of NASDAQ:VRRM traded down $0.89 during midday trading on Tuesday, hitting $21.32. 993,024 shares of the stock were exchanged, compared to its average volume of 1,150,372. Verra Mobility Co. has a twelve month low of $19.51 and a twelve month high of $31.03. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The company has a 50 day moving average price of $22.87 and a 200-day moving average price of $24.26. The stock has a market cap of $3.40 billion, a P/E ratio of 35.53, a PEG ratio of 2.18 and a beta of 0.91.
About Verra Mobility
(
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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