Blair William & Co. IL Sells 30,625 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Blair William & Co. IL trimmed its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 643,526 shares of the company’s stock after selling 30,625 shares during the quarter. Blair William & Co. IL’s holdings in Verra Mobility were worth $15,560,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Natixis Advisors LLC raised its position in Verra Mobility by 61.9% in the 3rd quarter. Natixis Advisors LLC now owns 19,059 shares of the company’s stock worth $530,000 after buying an additional 7,285 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Verra Mobility in the third quarter worth approximately $924,000. Charles Schwab Investment Management Inc. raised its holdings in Verra Mobility by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,719,661 shares of the company’s stock valued at $47,824,000 after acquiring an additional 37,131 shares during the period. Citigroup Inc. lifted its position in shares of Verra Mobility by 73.0% in the third quarter. Citigroup Inc. now owns 222,910 shares of the company’s stock valued at $6,199,000 after acquiring an additional 94,073 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Verra Mobility in the third quarter worth about $1,719,000.

Verra Mobility Stock Performance

Shares of NASDAQ VRRM opened at $20.19 on Friday. The firm’s fifty day moving average is $24.03 and its two-hundred day moving average is $24.77. Verra Mobility Co. has a 52-week low of $19.51 and a 52-week high of $31.03. The company has a market cap of $3.22 billion, a P/E ratio of 33.65, a P/E/G ratio of 2.18 and a beta of 1.30. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61.

Wall Street Analyst Weigh In

Separately, Morgan Stanley decreased 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.

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.