Renaissance Group LLC lifted its holdings in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 39.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,348 shares of the company's stock after purchasing an additional 54,196 shares during the quarter. Renaissance Group LLC owned 0.12% of Verra Mobility worth $4,603,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in 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. Avanza Fonder AB acquired a new stake in shares of Verra Mobility in the fourth quarter valued at about $74,000. Aster Capital Management DIFC Ltd increased its position in shares of Verra Mobility by 585.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock valued at $114,000 after acquiring an additional 4,031 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in Verra Mobility during the fourth quarter worth about $129,000. Finally, PNC Financial Services Group Inc. boosted its position in Verra Mobility by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock valued at $154,000 after purchasing an additional 409 shares during the last quarter.
Analyst Ratings Changes
Separately, Morgan Stanley lowered 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.
Get Our Latest Research Report on VRRM
Verra Mobility Stock Performance
Shares of VRRM traded up $0.07 during midday trading on Friday, reaching $21.80. The stock had a trading volume of 1,125,014 shares, compared to its average volume of 1,148,344. 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 50 day simple moving average of $23.03 and a 200-day simple moving average of $24.32. The firm has a market cap of $3.48 billion, a PE ratio of 36.33, a P/E/G ratio of 2.18 and a beta of 0.91. Verra Mobility Co. has a one year low of $19.51 and a one year 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.
See Also
Before you consider Verra Mobility, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Verra Mobility wasn't on the list.
While Verra Mobility currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
