Martin Currie Ltd. lifted its stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 164.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,205 shares of the company's stock after buying an additional 18,171 shares during the quarter. Martin Currie Ltd.'s holdings in Verra Mobility were worth $706,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position 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 period. Barclays PLC increased its stake in shares of Verra Mobility by 400.2% in the 3rd 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. State Street Corp raised its holdings in Verra Mobility by 6.0% in the 3rd 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 during the period. Citigroup Inc. boosted its position in Verra Mobility by 73.0% during the third quarter. Citigroup Inc. now owns 222,910 shares of the company's stock worth $6,199,000 after purchasing an additional 94,073 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Verra Mobility by 179.2% during the 3rd quarter. Stifel Financial Corp now owns 57,186 shares of the company's stock valued at $1,590,000 after acquiring an additional 36,705 shares in the last quarter.
Analysts Set New Price Targets
Separately, Morgan Stanley cut their price objective on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th.
Check Out Our Latest Stock Analysis on VRRM
Verra Mobility Trading Up 0.8 %
Shares of VRRM traded up $0.18 during mid-day trading on Thursday, reaching $23.49. The company had a trading volume of 611,400 shares, compared to its average volume of 1,125,980. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 39.15, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. 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 firm has a fifty day simple moving average of $23.86 and a 200-day simple moving average of $24.67. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week high of $31.03.
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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