Schroder Investment Management Group boosted its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 46.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 969,338 shares of the company's stock after buying an additional 308,187 shares during the quarter. Schroder Investment Management Group owned 0.59% of Verra Mobility worth $23,361,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in VRRM. Smartleaf Asset Management LLC increased its stake in shares of Verra Mobility by 245.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after buying an additional 1,640 shares during the period. Avanza Fonder AB acquired a new position in Verra Mobility during the 4th quarter worth approximately $74,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Verra Mobility in the 4th quarter valued at approximately $129,000. PNC Financial Services Group Inc. raised its holdings in shares of Verra Mobility by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock valued at $154,000 after purchasing an additional 409 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of 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 purchasing an additional 2,710 shares during the last quarter.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley dropped their target price 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.
Check Out Our Latest Stock Analysis on Verra Mobility
Verra Mobility Stock Down 3.1 %
Verra Mobility stock traded down $0.70 during mid-day trading on Monday, hitting $21.69. The company had a trading volume of 2,117,237 shares, compared to its average volume of 1,135,431. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 36.15, a PEG ratio of 2.18 and a beta of 0.91. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a 1 year low of $19.51 and a 1 year high of $31.03. The business has a fifty day moving average of $23.60 and a 200 day moving average of $24.55.
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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