First Trust Advisors LP Sells 115,504 Shares of Verra Mobility Co. (NASDAQ:VRRM)

First Trust Advisors LP lessened its holdings in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 53.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 102,039 shares of the company's stock after selling 115,504 shares during the period. First Trust Advisors LP owned 0.06% of Verra Mobility worth $2,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of VRRM. Vanguard Group Inc. grew its position in shares of Verra Mobility by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company's stock worth $425,861,000 after purchasing an additional 159,348 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Verra Mobility by 5.0% during 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 in the last quarter. Principal Financial Group Inc. grew its holdings in Verra Mobility by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company's stock valued at $104,464,000 after buying an additional 225,585 shares in the last quarter. William Blair Investment Management LLC raised its position in shares of Verra Mobility by 6.8% during the fourth quarter. William Blair Investment Management LLC now owns 2,854,284 shares of the company's stock valued at $69,017,000 after buying an additional 181,072 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Verra Mobility by 2,915.3% in the fourth quarter. American Century Companies Inc. now owns 2,086,049 shares of the company's stock worth $50,441,000 after buying an additional 2,016,866 shares in the last quarter.

Verra Mobility Stock Performance

Shares of NASDAQ:VRRM opened at $22.72 on Monday. The firm has a fifty day simple moving average of $21.74 and a two-hundred day simple moving average of $23.74. Verra Mobility Co. has a 52 week low of $19.51 and a 52 week high of $31.03. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The stock has a market capitalization of $3.63 billion, a P/E ratio of 37.87, a PEG ratio of 2.18 and a beta of 0.80.

Wall Street Analyst Weigh In

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

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.

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