Verra Mobility Co. (NASDAQ:VRRM) Stock Holdings Boosted by Peregrine Capital Management LLC

Peregrine Capital Management LLC grew its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 541,289 shares of the company's stock after purchasing an additional 9,571 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.33% of Verra Mobility worth $13,088,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D grew its holdings in shares of Verra Mobility by 26.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 91,228 shares of the company's stock valued at $2,206,000 after purchasing an additional 19,177 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Verra Mobility by 24.9% during the fourth quarter. New York State Teachers Retirement System now owns 78,842 shares of the company's stock valued at $1,906,000 after purchasing an additional 15,719 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in shares of Verra Mobility by 17.9% during the fourth quarter. DAVENPORT & Co LLC now owns 1,603,342 shares of the company's stock valued at $38,641,000 after purchasing an additional 243,723 shares during the last quarter. Ausbil Investment Management Ltd bought a new position in shares of Verra Mobility during the fourth quarter valued at approximately $223,000. Finally, KBC Group NV grew its holdings in shares of Verra Mobility by 61.9% during the fourth quarter. KBC Group NV now owns 7,090 shares of the company's stock valued at $171,000 after purchasing an additional 2,710 shares during the last quarter.

Verra Mobility Stock Performance

VRRM stock traded down $0.18 on Friday, reaching $25.95. The company's stock had a trading volume of 1,127,734 shares, compared to its average volume of 948,907. Verra Mobility Co. has a 52 week low of $20.26 and a 52 week high of $31.03. The company has a market capitalization of $4.28 billion, a P/E ratio of 43.25, a price-to-earnings-growth ratio of 2.21 and a beta of 1.24. The firm has a fifty day moving average of $25.28 and a two-hundred day moving average of $25.72. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VRRM shares. Robert W. Baird lowered their target price on Verra Mobility from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on Verra Mobility from $31.00 to $29.00 and set a "buy" rating for the company in a report on Friday, November 1st. Finally, Morgan Stanley decreased their price objective on Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th.

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.