Osterweis Capital Management Inc. Has $6.86 Million Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Osterweis Capital Management Inc. trimmed its position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 283,783 shares of the company's stock after selling 56,247 shares during the quarter. Osterweis Capital Management Inc. owned approximately 0.17% of Verra Mobility worth $6,862,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in 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 acquiring an additional 36,585 shares during the period. Barclays PLC increased its holdings in Verra Mobility by 400.2% in the third 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 during the period. Stifel Financial Corp raised its position in Verra Mobility by 179.2% during the 3rd quarter. Stifel Financial Corp now owns 57,186 shares of the company's stock worth $1,590,000 after purchasing an additional 36,705 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Verra Mobility during the 4th quarter worth $2,348,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Verra Mobility by 245.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after buying an additional 1,640 shares during the last quarter.

Analyst Ratings Changes

VRRM has been the topic of a number of recent analyst reports. Robert W. Baird raised Verra Mobility from a "neutral" rating to an "outperform" rating and set a $27.00 price objective on the stock in a research note on Tuesday. Morgan Stanley dropped their price target on shares of 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 Trading Up 4.3 %

Shares of VRRM stock traded up $0.90 during trading hours on Tuesday, hitting $21.89. 399,350 shares of the company were exchanged, compared to its average volume of 1,152,385. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. 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 50 day simple moving average of $22.49 and a two-hundred day simple moving average of $24.07. The firm has a market cap of $3.49 billion, a P/E ratio of 36.50, a P/E/G ratio of 2.18 and a beta of 0.91.

About Verra Mobility

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.