Premier Fund Managers Ltd Decreases Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Premier Fund Managers Ltd cut its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,682 shares of the company’s stock after selling 6,596 shares during the period. Premier Fund Managers Ltd’s holdings in Verra Mobility were worth $1,318,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Verra Mobility by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company’s stock valued at $425,861,000 after purchasing an additional 159,348 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Verra Mobility by 13.2% in the third quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock worth $224,310,000 after acquiring an additional 941,127 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Verra Mobility by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock worth $179,743,000 after purchasing an additional 36,585 shares during the last quarter. State Street Corp boosted its holdings in Verra Mobility by 6.0% in the third 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. Finally, Handelsbanken Fonder AB grew its position in Verra Mobility by 5.0% during the 4th quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company’s stock worth $101,938,000 after purchasing an additional 200,000 shares during the period.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley lowered their target price on Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday.

Verra Mobility Trading Down 1.1 %

VRRM stock opened at $20.80 on Friday. Verra Mobility Co. has a 52-week low of $19.51 and a 52-week high of $31.03. 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 firm has a market cap of $3.32 billion, a P/E ratio of 34.67, a PEG ratio of 2.18 and a beta of 1.30. The company’s 50-day simple moving average is $24.13 and its 200-day simple moving average is $24.81.

Verra Mobility 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.