Knights of Columbus Asset Advisors LLC Increases Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Knights of Columbus Asset Advisors LLC grew its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 85.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,795 shares of the company's stock after purchasing an additional 21,600 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Verra Mobility were worth $1,132,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its holdings in shares of Verra Mobility by 2,915.3% during the fourth quarter. American Century Companies Inc. now owns 2,086,049 shares of the company's stock valued at $50,441,000 after acquiring an additional 2,016,866 shares in the last quarter. Wellington Management Group LLP increased its stake in Verra Mobility by 13.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company's stock valued at $224,310,000 after purchasing an additional 941,127 shares in the last quarter. State Street Corp lifted its stake in shares of Verra Mobility by 6.0% during the third quarter. State Street Corp now owns 6,301,131 shares of the company's stock worth $175,234,000 after buying an additional 357,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Verra Mobility by 23.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,643,241 shares of the company's stock worth $45,699,000 after buying an additional 313,080 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in shares of Verra Mobility during the third quarter valued at $7,039,000.

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Verra Mobility Stock Performance

NASDAQ VRRM traded down $0.24 on Thursday, reaching $20.80. 1,085,074 shares of the company's stock traded hands, compared to its average volume of 1,069,903. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week high of $31.03. 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 $3.32 billion, a price-to-earnings ratio of 34.67, a P/E/G ratio of 2.18 and a beta of 1.30. The stock has a 50 day moving average price of $24.22 and a 200-day moving average price of $24.84.

Wall Street Analysts Forecast Growth

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.

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.