JPMorgan Chase & Co. reduced its stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,357,348 shares of the company's stock after selling 105,898 shares during the period. JPMorgan Chase & Co. owned approximately 3.86% of Verra Mobility worth $153,721,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after acquiring an additional 1,640 shares in the last quarter. Avanza Fonder AB purchased a new position in Verra Mobility in the fourth quarter valued at $74,000. Arcadia Investment Management Corp MI acquired a new stake in Verra Mobility in the fourth quarter valued at $129,000. PNC Financial Services Group Inc. lifted its holdings in Verra Mobility by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock worth $154,000 after buying an additional 409 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Verra Mobility by 61.9% during the 4th quarter. KBC Group NV now owns 7,090 shares of the company's stock worth $171,000 after acquiring an additional 2,710 shares in the last quarter.
Verra Mobility Stock Performance
VRRM traded down $0.92 on Friday, reaching $22.39. The company had a trading volume of 1,355,862 shares, compared to its average volume of 1,131,504. The stock has a 50-day moving average price of $23.71 and a 200-day moving average price of $24.59. The stock has a market capitalization of $3.57 billion, a PE ratio of 37.32, a P/E/G ratio of 2.18 and a beta of 0.91. Verra Mobility Co. has a 1 year low of $19.51 and a 1 year 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.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley decreased their target price on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th.
View Our Latest Report on Verra Mobility
About Verra Mobility
(
Free Report)
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.
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