Geode Capital Management LLC Lowers Position in Verra Mobility Co. (NASDAQ:VRRM)

Geode Capital Management LLC trimmed its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,876,947 shares of the company's stock after selling 27,803 shares during the quarter. Geode Capital Management LLC owned 2.35% of Verra Mobility worth $93,766,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Verition Fund Management LLC acquired a new stake in shares of Verra Mobility in the third quarter valued at about $386,000. Stifel Financial Corp grew its stake in Verra Mobility by 179.2% during the third quarter. Stifel Financial Corp now owns 57,186 shares of the company's stock worth $1,590,000 after purchasing an additional 36,705 shares during the period. State Street Corp lifted its stake in 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 buying an additional 357,078 shares during the period. Orion Portfolio Solutions LLC bought a new stake in shares of Verra Mobility in the 3rd quarter valued at $857,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Verra Mobility during the third quarter worth $339,000.

Analysts Set New Price Targets

Separately, Morgan Stanley cut their price objective on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th.

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Verra Mobility Stock Down 3.5 %

VRRM traded down $0.77 during trading on Tuesday, hitting $21.44. 466,647 shares of the company's stock were exchanged, compared to its average volume of 1,146,303. The stock has a market cap of $3.42 billion, a P/E ratio of 35.73, a PEG ratio of 2.18 and a beta of 0.91. The business's 50 day moving average is $22.96 and its two-hundred day moving average is $24.28. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week high of $31.03. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

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.