Handelsbanken Fonder AB Grows Stake in Verra Mobility Co. (NASDAQ:VRRM)

Handelsbanken Fonder AB raised its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,215,800 shares of the company's stock after buying an additional 200,000 shares during the quarter. Handelsbanken Fonder AB owned about 2.56% of Verra Mobility worth $101,938,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of VRRM. Creative Planning grew its holdings in Verra Mobility by 35.2% during the 3rd quarter. Creative Planning now owns 23,410 shares of the company's stock valued at $651,000 after buying an additional 6,093 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Verra Mobility by 27.5% during the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company's stock worth $88,000 after purchasing an additional 694 shares during the period. Signaturefd LLC lifted its stake in shares of Verra Mobility by 112.4% during the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company's stock worth $29,000 after purchasing an additional 561 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Verra Mobility by 5.1% during the 3rd quarter. New York State Teachers Retirement System now owns 63,123 shares of the company's stock worth $1,755,000 after purchasing an additional 3,044 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Verra Mobility by 10.3% during the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company's stock worth $125,000 after purchasing an additional 418 shares during the period.

Verra Mobility Trading Down 0.7 %

Shares of VRRM traded down $0.18 during trading hours on Friday, hitting $25.95. The stock had a trading volume of 1,127,734 shares, compared to its average volume of 948,907. 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 firm has a market cap of $4.28 billion, a P/E ratio of 43.25, a P/E/G ratio of 2.21 and a beta of 1.24. The company's fifty day simple moving average is $25.28 and its 200 day simple moving average is $25.72. Verra Mobility Co. has a 12-month low of $20.26 and a 12-month high of $31.03.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Morgan Stanley reduced their price target on Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. Robert W. Baird reduced their price target on Verra Mobility from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Verra Mobility from $31.00 to $29.00 and set a "buy" rating on the stock 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.