Jupiter Asset Management Ltd. lessened its position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 52.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 426,968 shares of the company's stock after selling 464,562 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.26% of Verra Mobility worth $10,324,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VRRM. Wellington Management Group LLP grew its position in Verra Mobility by 13.2% during the third quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company's stock valued at $224,310,000 after buying an additional 941,127 shares during the period. State Street Corp grew its position in Verra Mobility by 6.0% during 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Verra Mobility by 23.5% during the third 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 buying an additional 313,080 shares during the period. Braun Stacey Associates Inc. grew its position in Verra Mobility by 148.0% during the third quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company's stock valued at $12,234,000 after buying an additional 262,509 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in Verra Mobility during the third quarter valued at $7,039,000.
Verra Mobility Stock Performance
VRRM opened at $19.76 on Thursday. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 2.18 and a beta of 1.30. Verra Mobility Co. has a 52-week low of $19.51 and a 52-week high of $31.03. The firm's fifty day simple moving average is $24.99 and its two-hundred day simple moving average is $25.29.
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.
Further Reading
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