Geode Capital Management LLC Has $93.77 Million Position in Verra Mobility Co. (NASDAQ:VRRM)

Geode Capital Management LLC decreased its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,876,947 shares of the company's stock after selling 27,803 shares during the quarter. Geode Capital Management LLC owned about 2.35% of Verra Mobility worth $93,766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VRRM. Martin Currie Ltd. lifted its holdings in shares of Verra Mobility by 164.7% during the 4th quarter. Martin Currie Ltd. now owns 29,205 shares of the company's stock worth $706,000 after acquiring an additional 18,171 shares during the period. Schroder Investment Management Group boosted its holdings in shares of 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 purchasing an additional 308,187 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Verra Mobility by 11.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 22,593 shares of the company's stock valued at $546,000 after buying an additional 2,242 shares during the period. Norges Bank purchased a new position in shares of Verra Mobility in the 4th quarter worth $46,156,000. Finally, Homestead Advisers Corp acquired a new position in Verra Mobility in the fourth quarter valued at $1,253,000.

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 Price Performance

NASDAQ VRRM traded up $0.48 on Wednesday, reaching $21.80. The company's stock had a trading volume of 123,031 shares, compared to its average volume of 1,146,448. Verra Mobility Co. has a twelve month low of $19.51 and a twelve month high of $31.03. The firm's 50 day moving average is $22.87 and its two-hundred day moving average is $24.26. The stock has a market cap of $3.48 billion, a PE ratio of 36.40, a PEG ratio of 2.18 and a beta of 0.91. 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 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.