Motley Fool Asset Management LLC Acquires New Position in Verra Mobility Co. (NASDAQ:VRRM)

Motley Fool Asset Management LLC acquired a new stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 61,200 shares of the company's stock, valued at approximately $1,480,000.

Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in 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 buying an additional 36,585 shares during the period. Barclays PLC raised its holdings in shares of Verra Mobility by 400.2% in the third quarter. Barclays PLC now owns 294,457 shares of the company's stock worth $8,189,000 after buying an additional 235,589 shares during the period. State Street Corp lifted its position 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 worth $175,234,000 after purchasing an additional 357,078 shares during the last quarter. Stifel Financial Corp boosted its position in Verra Mobility by 179.2% in the 3rd quarter. Stifel Financial Corp now owns 57,186 shares of the company's stock valued at $1,590,000 after buying an additional 36,705 shares during the period. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of Verra Mobility in the third quarter valued at approximately $857,000.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut their price objective on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th.

Verra Mobility Stock Performance

Shares of NASDAQ VRRM traded up $1.46 during trading on Wednesday, reaching $22.31. 1,772,193 shares of the company traded hands, compared to its average volume of 1,142,660. The stock has a market cap of $3.56 billion, a P/E ratio of 37.18, a PEG ratio of 2.18 and a beta of 0.91. The firm's fifty day simple moving average is $23.20 and its 200 day simple moving average is $24.42. 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 12-month low of $19.51 and a 12-month high of $31.03.

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.