Homestead Advisers Corp Makes New $1.25 Million Investment in Verra Mobility Co. (NASDAQ:VRRM)

Homestead Advisers Corp purchased a new stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 51,800 shares of the company's stock, valued at approximately $1,253,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in Verra Mobility by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock worth $154,000 after purchasing an additional 409 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in Verra Mobility by 2.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,308 shares of the company's stock worth $443,000 after buying an additional 448 shares during the period. Tealwood Asset Management Inc. lifted its holdings in Verra Mobility by 1.4% during the fourth quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company's stock worth $1,069,000 after acquiring an additional 592 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Verra Mobility by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 28,645 shares of the company's stock worth $693,000 after acquiring an additional 725 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in Verra Mobility by 3.1% in the third quarter. Integrated Wealth Concepts LLC now owns 27,813 shares of the company's stock valued at $774,000 after acquiring an additional 844 shares during the period.

Analyst Ratings Changes

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

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Verra Mobility Stock Up 0.0 %

Shares of VRRM stock traded up $0.00 on Monday, hitting $20.19. 253,673 shares of the stock were exchanged, compared to its average volume of 1,105,296. The firm has a market capitalization of $3.22 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The business has a 50-day moving average of $24.03 and a 200 day moving average of $24.74. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week high of $31.03.

About Verra Mobility

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.