Moran Wealth Management LLC Has $569,000 Position in Verra Mobility Co. (NASDAQ:VRRM)

Moran Wealth Management LLC boosted its position in Verra Mobility Co. (NASDAQ:VRRM) by 12.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,515 shares of the company’s stock after purchasing an additional 2,513 shares during the quarter. Moran Wealth Management LLC’s holdings in Verra Mobility were worth $569,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its position in shares of Verra Mobility by 192.0% in the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock valued at $32,000 after acquiring an additional 745 shares during the period. Smartleaf Asset Management LLC raised 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 purchasing an additional 1,640 shares in the last quarter. Avanza Fonder AB bought a new stake in Verra Mobility in the 4th quarter valued at about $74,000. US Bancorp DE grew its position in shares of Verra Mobility by 10.3% during the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after purchasing an additional 418 shares in the last quarter. Finally, Arcadia Investment Management Corp MI bought a new position in shares of Verra Mobility during the fourth quarter worth approximately $129,000.

Verra Mobility Stock Down 0.8 %

NASDAQ VRRM opened at $19.76 on Thursday. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 2.18 and a beta of 1.30. Verra Mobility Co. has a 1-year low of $19.51 and a 1-year 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 company has a 50 day moving average of $24.99 and a 200-day moving average of $25.29.

About Verra Mobility

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.