59,400 Shares in Verra Mobility Co. (NASDAQ:VRRM) Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC purchased a new position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 59,400 shares of the company's stock, valued at approximately $1,436,000.

A number of other large investors have also made changes to their positions in the business. Smartleaf Asset Management LLC increased its position in Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after buying an additional 1,640 shares in the last quarter. Avanza Fonder AB purchased a new position in shares of Verra Mobility in the 4th quarter valued at approximately $74,000. Aster Capital Management DIFC Ltd raised its position in shares of Verra Mobility by 585.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock valued at $114,000 after purchasing an additional 4,031 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Verra Mobility in the 4th quarter worth approximately $129,000. Finally, PNC Financial Services Group Inc. increased its stake in Verra Mobility by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock valued at $154,000 after purchasing an additional 409 shares in the last quarter.

Verra Mobility Price Performance

Shares of Verra Mobility stock traded up $0.91 during trading hours on Friday, reaching $22.62. The stock had a trading volume of 529,807 shares, compared to its average volume of 1,166,125. Verra Mobility Co. has a twelve month low of $19.51 and a twelve month high of $31.03. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The firm has a market capitalization of $3.61 billion, a PE ratio of 37.67, a PEG ratio of 2.18 and a beta of 0.91. The stock's 50 day moving average is $21.80 and its 200 day moving average is $23.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts have 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 price objective on the stock in a report on Tuesday, April 22nd. Morgan Stanley dropped their price target on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Finally, Baird R W upgraded Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note 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.