CenterBook Partners LP Takes Position in Verra Mobility Co. (NASDAQ:VRRM)

CenterBook Partners LP acquired a new position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 42,729 shares of the company's stock, valued at approximately $1,033,000.

Several other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in shares of Verra Mobility by 245.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after buying an additional 1,640 shares during the period. Avanza Fonder AB purchased a new position in Verra Mobility during the 4th quarter valued at about $74,000. Aster Capital Management DIFC Ltd raised its holdings in shares of Verra Mobility by 585.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock valued at $114,000 after purchasing an additional 4,031 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Verra Mobility in the 4th quarter worth approximately $129,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Verra Mobility by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock valued at $154,000 after purchasing an additional 409 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut their price target on 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 Down 0.4 %

NASDAQ:VRRM traded down $0.08 during mid-day trading on Thursday, hitting $21.32. 271,985 shares of the company's stock traded hands, compared to its average volume of 1,149,208. The company has a fifty day moving average of $22.78 and a 200 day moving average of $24.24. 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 twelve month low of $19.51 and a twelve month high of $31.03. The company has a market capitalization of $3.40 billion, a P/E ratio of 35.46, a P/E/G ratio of 2.18 and a beta of 0.91.

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.