Verra Mobility Co. (NASDAQ:VRRM) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its holdings in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 23.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 619,241 shares of the company's stock after purchasing an additional 118,375 shares during the period. Rockefeller Capital Management L.P. owned 0.38% of Verra Mobility worth $14,974,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its position in Verra Mobility by 245.1% during the fourth 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 acquired a new stake in shares of Verra Mobility during the fourth quarter valued at about $74,000. Aster Capital Management DIFC Ltd increased its holdings in Verra Mobility by 585.1% during the 4th 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 stake in shares of Verra Mobility in the fourth quarter worth $129,000. Finally, PNC Financial Services Group Inc. boosted 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 acquiring an additional 409 shares during the last quarter.

Analysts Set New Price Targets

Separately, Morgan Stanley reduced their target price on 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 Stock Performance

Shares of Verra Mobility stock traded down $0.09 on Friday, reaching $21.31. 772,433 shares of the company were exchanged, compared to its average volume of 1,156,264. Verra Mobility Co. has a 1-year low of $19.51 and a 1-year high of $31.03. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 35.52, a P/E/G 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. The company's 50-day moving average is $22.59 and its two-hundred day moving average is $24.11.

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.