KLP Kapitalforvaltning AS bought a new position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 31,100 shares of the company's stock, valued at approximately $752,000.
Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of Verra Mobility by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company's stock worth $224,310,000 after purchasing an additional 941,127 shares during the period. JPMorgan Chase & Co. increased its holdings in Verra Mobility by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company's stock valued at $179,743,000 after buying an additional 36,585 shares during the last quarter. State Street Corp raised its position in Verra Mobility by 6.0% in the third quarter. State Street Corp now owns 6,301,131 shares of the company's stock worth $175,234,000 after acquiring an additional 357,078 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Verra Mobility by 5.0% during the 4th quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company's stock worth $101,938,000 after acquiring an additional 200,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Verra Mobility by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,904,750 shares of the company's stock valued at $108,612,000 after acquiring an additional 17,688 shares during the period.
Verra Mobility Stock Performance
NASDAQ VRRM traded down $0.92 on Friday, reaching $22.39. 1,355,862 shares of the stock were exchanged, compared to its average volume of 1,131,504. 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 one year low of $19.51 and a one year high of $31.03. The firm has a market capitalization of $3.57 billion, a PE ratio of 37.32, a PEG ratio of 2.18 and a beta of 0.91. The company's 50-day simple moving average is $23.71 and its two-hundred day simple moving average is $24.59.
Analysts Set New Price Targets
Separately, Morgan Stanley lowered their target price on 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.
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.
See Also
Before you consider Verra Mobility, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Verra Mobility wasn't on the list.
While Verra Mobility currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
