Oak Family Advisors LLC Sells 14,914 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Oak Family Advisors LLC trimmed its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,705 shares of the company's stock after selling 14,914 shares during the quarter. Verra Mobility makes up about 1.9% of Oak Family Advisors LLC's portfolio, making the stock its 19th largest holding. Oak Family Advisors LLC owned about 0.13% of Verra Mobility worth $5,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Verra Mobility by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company's stock valued at $179,743,000 after acquiring an additional 36,585 shares in the last quarter. Barclays PLC raised its position in 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 purchasing an additional 235,589 shares during the last quarter. State Street Corp boosted its stake 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 valued at $175,234,000 after purchasing an additional 357,078 shares in the last quarter. Braun Stacey Associates Inc. grew its holdings in shares of Verra Mobility by 148.0% during the third quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company's stock worth $12,234,000 after purchasing an additional 262,509 shares during the last quarter. Finally, Citigroup Inc. increased its stake in shares of Verra Mobility by 73.0% in the third quarter. Citigroup Inc. now owns 222,910 shares of the company's stock valued at $6,199,000 after buying an additional 94,073 shares during the period.

Wall Street Analysts Forecast Growth

VRRM has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 30th. Robert W. Baird reduced their price objective on shares of Verra Mobility from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Verra Mobility from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Friday, November 1st.

Verra Mobility Trading Down 0.6 %

Verra Mobility stock traded down $0.16 during trading hours on Thursday, reaching $25.88. 886,003 shares of the company's stock were exchanged, compared to its average volume of 865,417. The firm has a market capitalization of $4.27 billion, a PE ratio of 43.13, a PEG ratio of 2.21 and a beta of 1.24. 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 firm's 50 day simple moving average is $24.74 and its 200 day simple moving average is $26.02. Verra Mobility Co. has a twelve month low of $20.26 and a twelve month high of $31.03.

About Verra Mobility

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.