Corient Private Wealth LLC cut its holdings in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 39.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,093 shares of the company's stock after selling 42,846 shares during the quarter. Corient Private Wealth LLC's holdings in Verra Mobility were worth $1,598,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in VRRM. Wellington Management Group LLP increased its stake in Verra Mobility by 13.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company's stock worth $224,310,000 after buying an additional 941,127 shares in the last quarter. State Street Corp increased 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Verra Mobility by 23.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,643,241 shares of the company's stock valued at $45,699,000 after purchasing an additional 313,080 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Verra Mobility in the 3rd quarter valued at $7,039,000. Finally, DAVENPORT & Co LLC boosted its stake in Verra Mobility by 17.9% during the 4th quarter. DAVENPORT & Co LLC now owns 1,603,342 shares of the company's stock worth $38,641,000 after purchasing an additional 243,723 shares during the last quarter.
Verra Mobility Trading Down 2.9 %
Shares of VRRM stock traded down $0.61 during trading on Friday, hitting $20.19. 823,742 shares of the stock traded hands, compared to its average volume of 1,108,886. Verra Mobility Co. has a 52-week low of $19.51 and a 52-week high of $31.03. The firm has a market capitalization of $3.22 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The firm's fifty day moving average price is $24.13 and its 200-day moving average price is $24.81. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52.
Wall Street Analyst Weigh In
Separately, Morgan Stanley decreased their price target on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Thursday.
Read Our Latest Stock Report on VRRM
Verra Mobility Company Profile
(
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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