Equitable Trust Co. Trims Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Equitable Trust Co. cut its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 91.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,245 shares of the company’s stock after selling 400,630 shares during the quarter. Equitable Trust Co.’s holdings in Verra Mobility were worth $949,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP grew its position in shares of Verra Mobility by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock worth $224,310,000 after buying an additional 941,127 shares during the period. JPMorgan Chase & Co. grew its position in Verra Mobility by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock valued at $179,743,000 after purchasing an additional 36,585 shares during the last quarter. State Street Corp grew its position in Verra Mobility by 6.0% during the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company’s stock valued at $175,234,000 after purchasing an additional 357,078 shares during the last quarter. Geode Capital Management LLC grew its position in Verra Mobility by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,904,750 shares of the company’s stock valued at $108,612,000 after purchasing an additional 17,688 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Verra Mobility by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company’s stock valued at $104,464,000 after purchasing an additional 225,585 shares during the last quarter.

Verra Mobility Stock Performance

Shares of NASDAQ VRRM opened at $25.92 on Tuesday. The firm’s 50-day moving average price is $24.82 and its 200-day moving average price is $25.89. 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 company has a market cap of $4.27 billion, a PE ratio of 43.20, a PEG ratio of 2.16 and a beta of 1.24. Verra Mobility Co. has a 52-week low of $20.26 and a 52-week high of $31.03.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Robert W. Baird cut their price objective on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Morgan Stanley cut their price objective on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th.

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.