Thrivent Financial for Lutherans lowered its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,069 shares of the company's stock after selling 21,570 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.11% of Verra Mobility worth $4,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of VRRM. William Blair Investment Management LLC lifted its stake in shares of Verra Mobility by 6.8% in the 4th quarter. William Blair Investment Management LLC now owns 2,854,284 shares of the company's stock valued at $69,017,000 after acquiring an additional 181,072 shares during the last quarter. Cibc World Markets Corp bought a new stake in Verra Mobility in the fourth quarter valued at approximately $373,000. Royce & Associates LP boosted its stake in shares of Verra Mobility by 3.2% during the fourth quarter. Royce & Associates LP now owns 49,620 shares of the company's stock valued at $1,200,000 after purchasing an additional 1,542 shares during the period. Vestcor Inc bought a new position in shares of Verra Mobility in the fourth quarter worth approximately $290,000. Finally, Truvestments Capital LLC increased its stake in shares of Verra Mobility by 7.3% in the fourth quarter. Truvestments Capital LLC now owns 26,344 shares of the company's stock worth $637,000 after buying an additional 1,792 shares during the period.
Analyst Ratings Changes
Separately, Morgan Stanley decreased their price objective on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday.
Check Out Our Latest Research Report on VRRM
Verra Mobility Trading Down 2.9 %
Shares of Verra Mobility stock traded down $0.61 during midday trading on Friday, reaching $20.19. 823,742 shares of the company's stock traded hands, compared to its average volume of 1,108,608. The stock has a 50 day moving average of $24.03 and a 200-day moving average of $24.75. Verra Mobility Co. has a 12 month low of $19.51 and a 12 month high of $31.03. The company has a market cap of $3.22 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61.
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.
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