Vanguard Group Inc. Increases Position in Verra Mobility Co. (NASDAQ:VRRM)

Vanguard Group Inc. grew its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,612,101 shares of the company's stock after acquiring an additional 159,348 shares during the period. Vanguard Group Inc. owned about 10.69% of Verra Mobility worth $425,861,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake 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 purchasing an additional 36,585 shares in the last quarter. Barclays PLC increased its position in shares of 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. State Street Corp increased its position in shares of Verra Mobility by 6.0% in the third quarter. State Street Corp now owns 6,301,131 shares of the company's stock valued at $175,234,000 after buying an additional 357,078 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Verra Mobility by 179.2% during the 3rd quarter. Stifel Financial Corp now owns 57,186 shares of the company's stock worth $1,590,000 after buying an additional 36,705 shares during the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of Verra Mobility in the 3rd quarter worth about $857,000.

Verra Mobility Price Performance

VRRM stock traded down $0.92 on Friday, reaching $22.39. The company had a trading volume of 1,355,862 shares, compared to its average volume of 1,131,504. The company's fifty day moving average is $23.71 and its 200 day moving average is $24.59. The company has a market cap of $3.57 billion, a P/E ratio of 37.32, a PEG ratio of 2.18 and a beta of 0.91. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. Verra Mobility Co. has a 1 year low of $19.51 and a 1 year high of $31.03.

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Analyst Upgrades and Downgrades

Separately, Morgan Stanley dropped 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 report on Thursday, March 27th.

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.