Dimensional Fund Advisors LP Acquires 71,031 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Dimensional Fund Advisors LP boosted its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,268,729 shares of the company's stock after purchasing an additional 71,031 shares during the quarter. Dimensional Fund Advisors LP owned about 1.98% of Verra Mobility worth $79,037,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in Verra Mobility by 2,915.3% during the fourth quarter. American Century Companies Inc. now owns 2,086,049 shares of the company's stock valued at $50,441,000 after acquiring an additional 2,016,866 shares during the period. Norges Bank acquired a new position in shares of Verra Mobility during the 4th quarter worth about $46,156,000. Sunriver Management LLC bought a new stake in Verra Mobility during the 4th quarter valued at approximately $33,503,000. Schroder Investment Management Group grew its holdings in Verra Mobility by 46.6% in the 4th 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 during the last quarter. Finally, DAVENPORT & Co LLC increased its position in Verra Mobility by 17.9% in the 4th quarter. DAVENPORT & Co LLC now owns 1,603,342 shares of the company's stock worth $38,641,000 after buying an additional 243,723 shares during the period.

Analysts Set New Price Targets

VRRM has been the subject of several research reports. Baird R W raised Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Robert W. Baird raised shares of Verra Mobility from a "neutral" rating to an "outperform" rating and set a $27.00 price target for the company in a report on Tuesday, April 22nd. Finally, Morgan Stanley dropped 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 down $0.27 during trading on Monday, hitting $22.46. 109,668 shares of the stock were exchanged, compared to its average volume of 1,164,334. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 37.42, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80. 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 1-year low of $17.37 and a 1-year high of $31.03. The company's fifty day simple moving average is $21.74 and its 200-day simple moving average is $23.74.

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.