XTX Topco Ltd bought a new stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 49,097 shares of the company's stock, valued at approximately $1,187,000.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Verra Mobility by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company's stock valued at $425,861,000 after acquiring an additional 159,348 shares during the last quarter. JPMorgan Chase & Co. grew 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 worth $179,743,000 after purchasing an additional 36,585 shares during the period. Handelsbanken Fonder AB grew its holdings in shares of Verra Mobility by 5.0% during the 4th quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company's stock worth $101,938,000 after purchasing an additional 200,000 shares during the period. Geode Capital Management LLC raised its holdings in Verra Mobility by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,904,750 shares of the company's stock valued at $108,612,000 after buying an additional 17,688 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Verra Mobility by 6.4% during the third quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company's stock worth $104,464,000 after buying an additional 225,585 shares during the period.
Wall Street Analyst Weigh In
Separately, Morgan Stanley lowered 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 report on Thursday, March 27th.
Read Our Latest Stock Analysis on VRRM
Verra Mobility Stock Down 0.4 %
Shares of VRRM traded down $0.09 during mid-day trading on Friday, hitting $21.31. 772,433 shares of the company's stock were exchanged, compared to its average volume of 1,153,383. The stock's 50-day moving average is $22.69 and its 200-day moving average is $24.19. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. 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 cap of $3.40 billion, a price-to-earnings ratio of 35.52, a P/E/G ratio of 2.18 and a beta of 0.91.
About Verra Mobility
(
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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