Swedbank AB Sells 82,000 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Swedbank AB trimmed its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 9.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 825,000 shares of the company's stock after selling 82,000 shares during the period. Swedbank AB owned 0.50% of Verra Mobility worth $19,948,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of VRRM. JPMorgan Chase & Co. increased its stake in shares of Verra Mobility by 0.6% in the third 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 in the last quarter. Barclays PLC raised its stake in shares of Verra Mobility by 400.2% in the third quarter. Barclays PLC now owns 294,457 shares of the company's stock worth $8,189,000 after acquiring an additional 235,589 shares during the last quarter. State Street Corp lifted its position in shares of Verra Mobility by 6.0% during the third quarter. State Street Corp now owns 6,301,131 shares of the company's stock worth $175,234,000 after purchasing an additional 357,078 shares in the last quarter. Braun Stacey Associates Inc. grew its stake in shares of Verra Mobility by 148.0% during the third quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company's stock valued at $12,234,000 after purchasing an additional 262,509 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Verra Mobility by 73.0% in the third quarter. Citigroup Inc. now owns 222,910 shares of the company's stock valued at $6,199,000 after purchasing an additional 94,073 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on VRRM shares. Robert W. Baird decreased their price target on Verra Mobility from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Verra Mobility from $31.00 to $29.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Finally, Morgan Stanley dropped their price target on shares of Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th.

Verra Mobility Trading Down 0.6 %

Shares of VRRM stock traded down $0.17 on Tuesday, hitting $26.02. The stock had a trading volume of 453,079 shares, compared to its average volume of 842,204. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a twelve month low of $20.26 and a twelve month high of $31.03. The company has a fifty day moving average price of $24.59 and a two-hundred day moving average price of $26.05. The firm has a market cap of $4.29 billion, a P/E ratio of 43.38, a PEG ratio of 2.21 and a beta of 1.24.

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.