Russell Investments Group Ltd. Has $1.56 Million Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Russell Investments Group Ltd. lowered its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 54.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,305 shares of the company's stock after selling 75,861 shares during the quarter. Russell Investments Group Ltd.'s holdings in Verra Mobility were worth $1,555,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after acquiring an additional 1,640 shares in the last quarter. Avanza Fonder AB acquired a new position in Verra Mobility during the 4th quarter worth approximately $74,000. Arcadia Investment Management Corp MI acquired a new position in Verra Mobility during the 4th quarter worth approximately $129,000. PNC Financial Services Group Inc. increased its stake in shares of Verra Mobility by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock worth $154,000 after buying an additional 409 shares during the last quarter. Finally, KBC Group NV grew its holdings in Verra Mobility by 61.9% during the 4th quarter. KBC Group NV now owns 7,090 shares of the company's stock worth $171,000 after acquiring an additional 2,710 shares in the last quarter.

Analysts Set New Price Targets

VRRM has been the topic of several recent research reports. Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Robert W. Baird upgraded Verra Mobility from a "neutral" rating to an "outperform" rating and set a $27.00 price objective for the company in a report on Tuesday. Finally, Morgan Stanley cut their price objective on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th.

Verra Mobility Trading Up 0.9 %

VRRM traded up $0.21 during midday trading on Thursday, reaching $22.46. 100,356 shares of the company were exchanged, compared to its average volume of 1,153,575. Verra Mobility Co. has a one year low of $19.51 and a one year high of $31.03. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The stock has a market capitalization of $3.58 billion, a P/E ratio of 37.44, a PEG ratio of 2.18 and a beta of 0.91. The stock's 50-day simple moving average is $22.31 and its 200 day simple moving average is $24.04.

Verra Mobility Company 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.