Price T Rowe Associates Inc. MD Purchases 837,648 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Price T Rowe Associates Inc. MD increased its holdings in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,111,775 shares of the company's stock after purchasing an additional 837,648 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 5.53% of Verra Mobility worth $220,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in VRRM. Smartleaf Asset Management LLC raised its position in shares of Verra Mobility by 245.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after acquiring an additional 1,640 shares in the last quarter. Avanza Fonder AB bought a new stake in shares of Verra Mobility in the 4th quarter worth $74,000. Aster Capital Management DIFC Ltd raised its stake in shares of Verra Mobility by 585.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock worth $114,000 after purchasing an additional 4,031 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Verra Mobility during the fourth quarter valued at $129,000. Finally, PNC Financial Services Group Inc. boosted its position 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 buying an additional 409 shares during the last quarter.

Verra Mobility Stock Performance

VRRM traded down $0.13 during trading on Thursday, hitting $21.68. The company's stock had a trading volume of 252,584 shares, compared to its average volume of 1,163,416. Verra Mobility Co. has a one year low of $19.51 and a one year high of $31.03. The business's 50 day simple moving average is $21.89 and its 200-day simple moving average is $23.86. 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 firm has a market cap of $3.46 billion, a PE ratio of 36.13, a P/E/G ratio of 2.18 and a beta of 0.91.

Analysts Set New Price Targets

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

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.