Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Snyder Capital Management L P

Snyder Capital Management L P lessened its holdings in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,760,506 shares of the company's stock after selling 81,107 shares during the period. Snyder Capital Management L P owned 1.07% of Verra Mobility worth $42,569,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of VRRM. Smartleaf Asset Management LLC increased its stake in 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 buying an additional 1,640 shares in the last quarter. Avanza Fonder AB bought a new position in shares of Verra Mobility during the 4th quarter valued at about $74,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of Verra Mobility by 585.1% during 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 bought a new position in shares of Verra Mobility during the 4th quarter valued at about $129,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of 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 during the last quarter.

Verra Mobility Stock Down 2.4 %

Verra Mobility stock traded down $0.54 during midday trading on Wednesday, reaching $21.82. The company's stock had a trading volume of 330,179 shares, compared to its average volume of 1,162,987. The stock's 50-day simple moving average is $21.97 and its 200-day simple moving average is $23.88. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility Co. has a 52-week low of $19.51 and a 52-week high of $31.03. The stock has a market capitalization of $3.48 billion, a P/E ratio of 36.37, a PEG ratio of 2.18 and a beta of 0.91.

Analysts Set New Price Targets

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

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.