Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in Verra Mobility Co. (NASDAQ:VRRM) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,357,348 shares of the company’s stock after selling 105,898 shares during the quarter. JPMorgan Chase & Co.’s holdings in Verra Mobility were worth $153,721,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRRM. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Verra Mobility by 2.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,308 shares of the company’s stock worth $443,000 after purchasing an additional 448 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Verra Mobility in the 4th quarter valued at about $382,000. Summit Creek Advisors LLC lifted its holdings in shares of Verra Mobility by 0.3% in the 4th quarter. Summit Creek Advisors LLC now owns 389,923 shares of the company’s stock worth $9,428,000 after acquiring an additional 1,200 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Verra Mobility by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company’s stock worth $425,861,000 after buying an additional 159,348 shares during the period. Finally, LPL Financial LLC boosted its holdings in Verra Mobility by 8.4% during the 4th quarter. LPL Financial LLC now owns 151,920 shares of the company’s stock valued at $3,673,000 after acquiring an additional 11,772 shares during the period.

Analyst Ratings Changes

Separately, Morgan Stanley lowered their target price on Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th.

Verra Mobility Price Performance

Shares of NASDAQ:VRRM opened at $23.02 on Wednesday. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility Co. has a 12 month low of $19.51 and a 12 month high of $31.03. The firm has a market capitalization of $3.67 billion, a P/E ratio of 38.37, a P/E/G ratio of 2.18 and a beta of 1.30. The company’s fifty day moving average price is $23.91 and its 200 day moving average price is $24.68.

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.