Royce & Associates LP Buys 1,542 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Royce & Associates LP raised its stake in Verra Mobility Co. (NASDAQ:VRRM) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,620 shares of the company’s stock after buying an additional 1,542 shares during the period. Royce & Associates LP’s holdings in Verra Mobility were worth $1,200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. First Horizon Advisors Inc. lifted its stake 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 worth $32,000 after acquiring an additional 745 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of 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 during the period. Avanza Fonder AB bought a new stake in shares of Verra Mobility in the 4th quarter valued at $74,000. Arcadia Investment Management Corp MI bought a new position in Verra Mobility during the fourth quarter worth $129,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Verra Mobility by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock valued at $154,000 after buying an additional 409 shares during the period.

Verra Mobility Stock Performance

Shares of VRRM opened at $20.90 on Friday. The firm’s fifty day simple moving average is $24.52 and its two-hundred day simple moving average is $25.01. Verra Mobility Co. has a 12 month low of $19.51 and a 12 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 stock has a market capitalization of $3.34 billion, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30.

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.