Invesco Ltd. Has $28.16 Million Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Invesco Ltd. lessened its stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 51.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,164,754 shares of the company's stock after selling 1,229,224 shares during the quarter. Invesco Ltd. owned 0.71% of Verra Mobility worth $28,164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRRM. Stifel Financial Corp increased its stake in shares of Verra Mobility by 179.2% in the third quarter. Stifel Financial Corp now owns 57,186 shares of the company's stock worth $1,590,000 after acquiring an additional 36,705 shares during the last quarter. Barclays PLC grew its stake in Verra Mobility by 400.2% in the third quarter. Barclays PLC now owns 294,457 shares of the company's stock valued at $8,189,000 after purchasing an additional 235,589 shares in the last quarter. Geode Capital Management LLC increased its position in Verra Mobility by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,904,750 shares of the company's stock worth $108,612,000 after purchasing an additional 17,688 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Verra Mobility by 13.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,814,342 shares of the company's stock worth $48,987,000 after purchasing an additional 219,071 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Verra Mobility by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company's stock valued at $104,464,000 after buying an additional 225,585 shares during the last quarter.

Verra Mobility Stock Performance

Verra Mobility stock traded up $0.65 during trading hours on Wednesday, reaching $22.54. 317,569 shares of the company were exchanged, compared to its average volume of 1,152,469. Verra Mobility Co. has a 12 month low of $19.51 and a 12 month high of $31.03. 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 stock has a 50-day moving average of $22.39 and a 200 day moving average of $24.06. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 37.57, a PEG ratio of 2.18 and a beta of 0.91.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. 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. Robert W. Baird raised shares of Verra Mobility from a "neutral" rating to an "outperform" rating and set a $27.00 price objective for the company in a research note on Tuesday. Finally, Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday.

Verra Mobility Company 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.