Rockefeller Capital Management L.P. Purchases 118,375 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Rockefeller Capital Management L.P. boosted its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 23.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 619,241 shares of the company's stock after purchasing an additional 118,375 shares during the period. Rockefeller Capital Management L.P. owned about 0.38% of Verra Mobility worth $14,974,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VRRM. American Century Companies Inc. raised its stake in Verra Mobility by 2,915.3% during the fourth quarter. American Century Companies Inc. now owns 2,086,049 shares of the company's stock worth $50,441,000 after acquiring an additional 2,016,866 shares in the last quarter. Norges Bank bought a new stake in shares of Verra Mobility in the 4th quarter worth about $46,156,000. Schroder Investment Management Group increased its position in shares of Verra Mobility by 46.6% during the 4th quarter. Schroder Investment Management Group now owns 969,338 shares of the company's stock worth $23,361,000 after purchasing an additional 308,187 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in Verra Mobility by 17.9% during the 4th 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. Finally, Barclays PLC boosted its position 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 buying an additional 235,589 shares in the last quarter.

Verra Mobility Price Performance

Shares of NASDAQ:VRRM traded down $0.09 during midday trading on Friday, reaching $21.31. The company's stock had a trading volume of 772,433 shares, compared to its average volume of 1,153,383. The business's fifty day simple moving average is $22.69 and its 200-day simple moving average is $24.19. 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 fifty-two week low of $19.51 and a fifty-two week high of $31.03. The company has a market capitalization of $3.40 billion, a P/E ratio of 35.52, a P/E/G ratio of 2.18 and a beta of 0.91.

Analysts Set New Price Targets

Separately, Morgan Stanley cut their target price on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th.

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.