Snyder Capital Management L P Reduces Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Snyder Capital Management L P cut its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,760,506 shares of the company's stock after selling 81,107 shares during the period. Snyder Capital Management L P owned 1.07% of Verra Mobility worth $42,569,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in Verra Mobility by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company's stock worth $425,861,000 after purchasing an additional 159,348 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Verra Mobility by 10.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company's stock worth $220,323,000 after buying an additional 837,648 shares during the last quarter. JPMorgan Chase & Co. increased its position 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 acquiring an additional 36,585 shares during the period. Handelsbanken Fonder AB lifted its position in Verra Mobility by 5.0% during the 4th quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company's stock worth $101,938,000 after acquiring an additional 200,000 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Verra Mobility by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company's stock valued at $104,464,000 after purchasing an additional 225,585 shares during the last quarter.

Analyst Ratings Changes

VRRM has been the subject of several recent research reports. Baird R W raised Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley dropped their price objective 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 target price for the company in a report on Tuesday, April 22nd.

Verra Mobility Price Performance

Verra Mobility stock traded up $0.37 during trading hours on Tuesday, hitting $22.36. The stock had a trading volume of 1,101,693 shares, compared to its average volume of 1,165,100. Verra Mobility Co. has a 1-year low of $19.51 and a 1-year high of $31.03. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 2.18 and a beta of 0.91. The stock's fifty day moving average is $22.05 and its two-hundred day moving average is $23.89. 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 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.