Franklin Resources Inc. Sells 371,243 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Franklin Resources Inc. cut its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 20.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,443,099 shares of the company's stock after selling 371,243 shares during the period. Franklin Resources Inc. owned approximately 0.88% of Verra Mobility worth $34,894,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in Verra Mobility by 2,915.3% during the 4th quarter. American Century Companies Inc. now owns 2,086,049 shares of the company's stock worth $50,441,000 after purchasing an additional 2,016,866 shares in the last quarter. Norges Bank purchased a new stake in Verra Mobility in the 4th quarter valued at $46,156,000. Wellington Management Group LLP lifted 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 valued at $224,310,000 after acquiring an additional 941,127 shares in the last quarter. State Street Corp grew its stake in shares of Verra Mobility by 6.0% in the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company's stock worth $175,234,000 after acquiring an additional 357,078 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of Verra Mobility by 46.6% in the fourth quarter. Schroder Investment Management Group now owns 969,338 shares of the company's stock valued at $23,361,000 after purchasing an additional 308,187 shares during the last quarter.

Remove Ads

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley decreased their price objective on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th.

Verra Mobility Stock Performance

VRRM stock traded down $0.60 during mid-day trading on Thursday, hitting $21.71. The company had a trading volume of 210,526 shares, compared to its average volume of 1,139,055. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The firm has a market cap of $3.46 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. Verra Mobility Co. has a 12 month low of $19.51 and a 12 month high of $31.03. The stock's fifty day moving average price is $23.20 and its two-hundred day moving average price is $24.42.

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.