WCM Investment Management LLC Sells 94,672 Shares of Verra Mobility Co. (NASDAQ:VRRM)

WCM Investment Management LLC lessened its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,960,334 shares of the company's stock after selling 94,672 shares during the period. WCM Investment Management LLC owned 1.19% of Verra Mobility worth $47,244,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC increased its position in shares of Verra Mobility by 112.4% in the third quarter. Signaturefd LLC now owns 1,060 shares of the company's stock worth $29,000 after purchasing an additional 561 shares during the period. First Horizon Advisors Inc. increased its holdings in Verra Mobility by 192.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company's stock valued at $32,000 after buying an additional 745 shares during the period. Avanza Fonder AB acquired a new position in shares of Verra Mobility in the 4th quarter valued at approximately $74,000. Blue Trust Inc. lifted its holdings in shares of Verra Mobility by 27.5% during the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company's stock worth $88,000 after acquiring an additional 694 shares during the period. Finally, US Bancorp DE boosted its position in shares of Verra Mobility by 10.3% during the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company's stock worth $125,000 after acquiring an additional 418 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have commented on VRRM. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Verra Mobility from $31.00 to $29.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Morgan Stanley dropped their price objective on shares of Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th. Finally, Robert W. Baird lowered their target price on Verra Mobility from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Friday, November 1st.

Verra Mobility Trading Down 0.3 %

VRRM traded down $0.07 during trading on Wednesday, hitting $26.09. The company's stock had a trading volume of 781,561 shares, compared to its average volume of 912,381. The firm has a market capitalization of $4.30 billion, a P/E ratio of 43.48, a PEG ratio of 2.16 and a beta of 1.24. Verra Mobility Co. has a twelve month low of $20.26 and a twelve month high of $31.03. The stock's fifty day moving average price is $24.92 and its 200-day moving average price is $25.86. 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 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.