Charles Schwab Investment Management Inc. Increases Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Charles Schwab Investment Management Inc. grew its holdings in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,822,236 shares of the company's stock after buying an additional 102,575 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.11% of Verra Mobility worth $44,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Wellington Management Group LLP lifted its stake in shares of Verra Mobility by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company's stock valued at $224,310,000 after purchasing an additional 941,127 shares during the period. State Street Corp lifted its stake in shares of Verra Mobility by 6.0% in the 3rd 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Verra Mobility by 23.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,643,241 shares of the company's stock valued at $45,699,000 after purchasing an additional 313,080 shares during the period. Braun Stacey Associates Inc. lifted its stake in shares of Verra Mobility by 148.0% in the 3rd quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company's stock valued at $12,234,000 after purchasing an additional 262,509 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in shares of Verra Mobility in the 3rd quarter valued at approximately $7,039,000.

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Verra Mobility Stock Down 2.4 %

Shares of VRRM traded down $0.51 on Tuesday, reaching $20.32. The stock had a trading volume of 1,301,132 shares, compared to its average volume of 1,061,446. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The company has a 50-day simple moving average of $24.76 and a 200-day simple moving average of $25.12. Verra Mobility Co. has a 12-month low of $19.51 and a 12-month high of $31.03.

Verra Mobility 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.