Dimensional Fund Advisors LP Grows Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Dimensional Fund Advisors LP grew its holdings in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of VRRM. Vanguard Group Inc. lifted its stake in Verra Mobility by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company's stock worth $425,861,000 after acquiring an additional 159,348 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Verra Mobility by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company's stock valued at $179,743,000 after purchasing an additional 36,585 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Verra Mobility by 5.0% in the 4th quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company's stock valued at $101,938,000 after buying an additional 200,000 shares during the period. Principal Financial Group Inc. grew its stake in shares of Verra Mobility by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company's stock worth $104,464,000 after purchasing an additional 225,585 shares during the period. Finally, William Blair Investment Management LLC grew its holdings in shares of Verra Mobility by 6.8% in the 4th quarter. William Blair Investment Management LLC now owns 2,854,284 shares of the company's stock worth $69,017,000 after acquiring an additional 181,072 shares during the period.

Verra Mobility Price Performance

Shares of NASDAQ VRRM opened at $22.36 on Wednesday. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 2.18 and a beta of 0.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility Co. has a 1-year low of $19.51 and a 1-year high of $31.03. The business has a 50-day moving average of $21.97 and a 200-day moving average of $23.88.

Analysts Set New Price Targets

Several brokerages have weighed in on VRRM. Morgan Stanley cut their price target on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Robert W. Baird upgraded Verra Mobility from a "neutral" rating to an "outperform" rating and set a $27.00 price objective for the company in a report on Tuesday, April 22nd.

Verra Mobility Company 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.

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