Verra Mobility Co. (NASDAQ:VRRM) Shares Bought by LPL Financial LLC

LPL Financial LLC boosted its holdings in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 8.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,920 shares of the company's stock after purchasing an additional 11,772 shares during the quarter. LPL Financial LLC owned about 0.09% of Verra Mobility worth $3,673,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Verra Mobility by 0.6% in the 3rd 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. Barclays PLC grew its holdings in shares of Verra Mobility by 400.2% during the third quarter. Barclays PLC now owns 294,457 shares of the company's stock worth $8,189,000 after purchasing an additional 235,589 shares during the last quarter. State Street Corp increased its position 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 purchasing an additional 357,078 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Verra Mobility by 179.2% in the 3rd quarter. Stifel Financial Corp now owns 57,186 shares of the company's stock valued at $1,590,000 after purchasing an additional 36,705 shares during the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of Verra Mobility in the 3rd quarter valued at about $857,000.

Verra Mobility Stock Performance

Shares of NASDAQ:VRRM traded up $0.35 on Wednesday, reaching $21.67. The company's stock had a trading volume of 75,787 shares, compared to its average volume of 1,146,173. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility Co. has a 52-week low of $19.51 and a 52-week high of $31.03. The stock's 50-day moving average is $22.87 and its two-hundred day moving average is $24.26. The stock has a market capitalization of $3.46 billion, a P/E ratio of 36.11, a PEG ratio of 2.18 and a beta of 0.91.

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Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut their price target 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.

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.