Wellington Management Group LLP decreased its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,535,713 shares of the company's stock after selling 530,082 shares during the quarter. Wellington Management Group LLP owned 4.72% of Verra Mobility worth $182,214,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Martin Currie Ltd. raised its holdings in shares of Verra Mobility by 164.7% in the 4th quarter. Martin Currie Ltd. now owns 29,205 shares of the company's stock valued at $706,000 after purchasing an additional 18,171 shares in the last quarter. Schroder Investment Management Group raised its stake in 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 buying an additional 308,187 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in Verra Mobility by 11.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 22,593 shares of the company's stock worth $546,000 after buying an additional 2,242 shares during the last quarter. Norges Bank acquired a new position in shares of Verra Mobility during the 4th quarter worth about $46,156,000. Finally, Homestead Advisers Corp purchased a new position in shares of Verra Mobility in the 4th quarter valued at about $1,253,000.
Verra Mobility Stock Down 3.1 %
NASDAQ:VRRM traded down $0.70 during midday trading on Monday, hitting $21.69. 2,117,237 shares of the company were exchanged, compared to its average volume of 1,135,431. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week high of $31.03. The company has a market capitalization of $3.46 billion, a PE ratio of 36.15, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. The company has a fifty day simple moving average of $23.60 and a 200 day simple moving average of $24.55.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley decreased their target price on 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.
View Our Latest Research Report on Verra Mobility
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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