Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Equitable Trust Co.

Equitable Trust Co. trimmed its position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 91.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,245 shares of the company's stock after selling 400,630 shares during the quarter. Equitable Trust Co.'s holdings in Verra Mobility were worth $949,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of VRRM. Signaturefd LLC lifted its position in shares of Verra Mobility by 112.4% in the third quarter. Signaturefd LLC now owns 1,060 shares of the company's stock valued at $29,000 after acquiring an additional 561 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Verra Mobility by 192.0% in the third 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 in the last quarter. Avanza Fonder AB purchased a new stake in shares of Verra Mobility in the fourth quarter valued at $74,000. Blue Trust Inc. lifted its position in shares of Verra Mobility by 27.5% in the third quarter. Blue Trust Inc. now owns 3,219 shares of the company's stock valued at $88,000 after acquiring an additional 694 shares in the last quarter. Finally, US Bancorp DE increased its stake in Verra Mobility by 10.3% in the third quarter. US Bancorp DE now owns 4,478 shares of the company's stock valued at $125,000 after purchasing an additional 418 shares during the last quarter.

Verra Mobility Stock Down 0.9 %

NASDAQ VRRM traded down $0.25 during mid-day trading on Friday, reaching $26.33. 614,467 shares of the company's stock traded hands, compared to its average volume of 895,459. Verra Mobility Co. has a 1-year low of $20.26 and a 1-year high of $31.03. The company has a fifty day simple moving average of $25.03 and a 200-day simple moving average of $25.84. 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 market cap of $4.34 billion, a price-to-earnings ratio of 43.88, a P/E/G ratio of 2.16 and a beta of 1.24.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VRRM shares. Morgan Stanley dropped their target price on Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. Robert W. Baird dropped their target price on Verra Mobility from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Verra Mobility from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Friday, November 1st.

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.