Price T Rowe Associates Inc. MD Buys 837,648 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Price T Rowe Associates Inc. MD lifted its stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,111,775 shares of the company's stock after buying an additional 837,648 shares during the period. Price T Rowe Associates Inc. MD owned approximately 5.53% of Verra Mobility worth $220,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Verra Mobility by 400.2% during the 3rd quarter. Barclays PLC now owns 294,457 shares of the company's stock valued at $8,189,000 after acquiring an additional 235,589 shares during the period. Franklin Resources Inc. lifted its position in Verra Mobility by 13.7% during the third quarter. Franklin Resources Inc. now owns 1,814,342 shares of the company's stock worth $48,987,000 after purchasing an additional 219,071 shares during the period. Principal Financial Group Inc. grew its stake in Verra Mobility by 6.4% during the third quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company's stock worth $104,464,000 after buying an additional 225,585 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 buying an additional 36,585 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in shares of Verra Mobility by 1.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 615,905 shares of the company's stock valued at $14,893,000 after buying an additional 10,054 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Morgan Stanley reduced their target price on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Finally, Robert W. Baird raised Verra Mobility from a "neutral" rating to an "outperform" rating and set a $27.00 price target for the company in a report on Tuesday, April 22nd.

Verra Mobility Stock Up 1.7 %

Shares of VRRM traded up $0.37 during trading hours on Tuesday, hitting $22.36. The stock had a trading volume of 1,101,704 shares, compared to its average volume of 1,165,100. The firm has a 50 day simple moving average of $22.05 and a 200-day simple moving average of $23.89. The firm has a market capitalization of $3.57 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. 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 1-year low of $19.51 and a 1-year high of $31.03.

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.